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I’m seeing tons of promising inflection points and catalysts for the major forex pairs! Here are levels and economic events that we should all watch out for over the next couple of trading days.

1-Hour Charts of the Majors

Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/CHF 1-hour Forex Chart
USD/CHF 1-hour Forex Chart

Potential Catalysts:

1. Central banker statements – One look at our forex calendars already point us to not one, not two, but FOUR major central bank statements on tap.

The top billing goes to the Fed, which is widely expected to raise its rates by 25 basis points on Wednesday. Question is, how hawkish are the members for the year ahead?

The ECB, BOE, and SNB will make for a triple feature on Thursday, and while no one is expecting any policy changes, all eyes and ears will be on the central bank head honchos to see how hawkish or dovish they are on inflation and economic performance for 2018. Who knows, maybe we’ll see enough volatility among major currency pairs to finally outstage Bitcoin prices!

2. Tax talk – Another week, another chance for the Donald and his gang to further their tax cause! Word around the hood is that the POTUS is set to give a speech on Wednesday, where he will talk about how bigger and better the GOP’s tax reform is shaping up. Make sure you stay glued to the tube to get an idea on what to expect from your lawmakers!

3. Other top-tier economic releases – As if monetary policy decisions aren’t enough, we’ll also see inflation and retail sales numbers from Uncle Sam AND the U.K. Since both the Fed and the BOE are touchy about their inflation and consumer spending numbers lately, I’m willing to bet my one Cryptokitty that other traders will be watching, too!

How about you? Which events do you think will have the most impact on major dollar pairs? More importantly, which major pair do you think is worth watching?

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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.