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Lots of central banker events on tap! I’ve got the potential inflection points and market events you should pay attention to if you’re trading the dollar like I am this week!

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 decisions speeches – This week both the Fed AND the BOJ will publish their monetary policy decisions for the month of September. The FOMC statement is a biggie since a lot of traders are expecting Yellen and her team to start letting their asset purchases “run off” in an effort to rebalance their balance sheets.

And if that’s not enough for you, we also have Mark Carney speaking in Washington at 3:00 PM GMT today and Draghi taking center stage on Thursday (in Germany) and Friday (in Ireland). What a busy week for central bankers!

2. Pre-election action – Next weekend Germany and New Zealand are scheduled to hold elections. And while those won’t directly affect the dollar, they can influence risk-taking and maybe profit-taking from many EUR and NZD pairs. Watch out!

3. US-related updates – As usual, we should keep our eyes peeled for any news on Trump’s latest policies. Will Trump stop retweeting about Trump stuff long enough to focus on policymaking this week? I still have that long USD/JPY trade open since last week so know I have my fingers crossed! 🙂

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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.