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Looks like we’ve got lots of potential catalysts for the major dollar pairs this week! Here are possible catalysts and economic themes if you like trading them like I do.

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. Top-tier U.K. reports – As Forex Gump mentioned, there are 4 major U.K. reports scheduled for release this week. That’s right, the inflation, retail sales, and jobs numbers will all be printed over the next couple of days with a little bonus of Mark Carney giving a speech tomorrow.

For me, that means 4 reasons to watch over my long GBP/USD trade closely!

2. Pre-ECB positioning – Now that we’re only a few days away from the ECB’s October monetary policy decision, market players will likely price in a bit of tapering from the central bank.

Draghi and his gang did hint that the “bulk” of their QE-related decisions “will be taken in October.” What’s thickening the plot are political headlines from both Spain and Austria that could muddy the ECB-related headlines a bit over the next few days. Make sure you’re in the loop!

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