Partner Center Find a Broker

It’s the start of another week and you know what that means – time to scout for fresh trading opportunities! Here are potential inflection points and catalysts that might affect 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. Trump’s Fed Governor pick – After weeks of Apprentice-style intrigue and suspense, Will the Donald finally reveal who he’ll say “You’re hired!” to?

Markets are currently favoring Jerome Powell, who’s seen as a balance between Yellen’s more cautious approach to tightening and Trump’s plans of deregulation but candidates Kevin Warsh and John Taylor aren’t too far behind.

Unfortunately, this is one decision where a good plot twist would be appreciated. Anyone other than the top contenders will likely shake up the dollar this week.

2. ECB’s policy changes – It’s do or die for the ECB this week! Months of hinting about policy changes have led market players to expect game-changing decisions from Mario Draghi and his gang this week. Remember that while they won’t necessarily implement any decision, any shift in policy direction could affect the euro’s current trends.

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.