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We have lots of top-tier events coming our way this week, so make sure you’re up to speed on the potential catalysts and inflection points 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. Trump’s Fed Governor pick – As in last week, all eyes will be on who Trump will pick as the next Fed head honcho. The odds are now in favor of Powell, if the latest WSJ article was to be believed. If he does get the top spot and Taylor ends up without any role in the Board, then we might see a bit of profit-taking for the dollar.

2. Central bank events – This week we have not one, not two, but THREE central banks publishing their monetary policy decisions. Talk about a triple threat!

First up is the BOJ tomorrow some time in the middle of the Asian session, followed by none other than the Fed on Wednesday and the BOE on Thursday. Oh, and don’t miss BOC Governor Stephen Poloz taking center stage on Tuesday and Wednesday to give a testimony before the Lower House’s Committee of Finance!

3. NFP release – Cant’ have an NFP week without the NFP report, amirite? Market players are expecting a net increase of 310K+ for the month of October as the labour market recovers from the impact of hurricanes. Thing is, September’s numbers suggest that the calamities didn’t affect the jobs market that much. Will this translate to a weaker-than-expected reading then?

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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.