It’s the first full week of the month! Are you prepared to trade the major dollar pairs? Here are potential inflection points and catalysts you should watch out for!
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
1. ECB policy decision – The euro has been on fire since Draghi said that he and his team will hold more serious discussions “in the Autumn,” which traders apparently took to mean “in September.” Word around the hood, however, is that major decisions could be delayed to as late as December. Draghi has a presser scheduled after the policy statement, so make sure you stay glued to the tube during the announcement!
2. Trump-related updates – What’s a trading week without a bit of volatility from the POTUS? In this week’s episode, we’re tuning in for possible escalation of conflict with North Korea after the hermit kingdom conducted a NUCLEAR test over the weekend. Bet you wish we’re back to just worrying over the debt ceiling deadline and Trump’s tax reform plans, huh?
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.