Partner Center Find a Broker

New week, new chance to earn some pips. Here are potential catalysts and technical setups you can trade if you’re watching the major dollar pairs like I am!

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 events – BOJ members might have gotten the party started earlier today, but officials from major central banks like the RBA, RBNZ, BOC, ECB, and the Fed will also take center stage throughout the week.

Question is, will they share tidbits that would move their respective currencies? And if they do, how long will the trends sustain their momentum?

2. Progress from Trump administration? – Trump is in Asia right now, and no, it’s not just because he wants his herbal tea.

Any talks regarding trade and geopolitical developments could rock the Greenback if they’re juicy enough. Oh, and let’s not forget that Trump’s team is hard at work on their tax reform plans!

3. Brexit updates – Now that the Bank of England (BOE) has said its piece, attention could turn back to how the U.K. (and EU) governments are handling the Brexit process.

Word around the grapevines is that EU finance ministers are meeting in Brussels today to discuss their game plan for the Euro area after Brexit. The catch? Britain isn’t invited at the cool table. Meanwhile, looks like Theresa May has yet to find her public speaking mojo.

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.