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It’s the last stretch! Let’s start our Q4 strong with these potential inflection points and market catalysts for the major dollar pairs!

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. NFP week shenanigans – Can’t have NFP week and not talk about NFP-related volatility! One look at my forex calendar tells me that analysts are expecting weaker numbers from last month, presumably due to the hurricanes.

Question is, how much weakness can the report print before investors think about the Fed delaying another rate hike? If you recall, Janet Yellen already peppered her speeches with doubt on their employment estimates. Best watch how markets react to NFP-related reports this week!

2. Central banker speeches – This week a good number of central bank board members from the Fed, BOE, and even the ECB are scheduled to give speeches. And with not a lot of top-tier catalysts scheduled for release, I bet other traders will look to these speeches for volatility, too! Make sure you don’t miss any of the action, kay?

Huck's Signature

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.