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If you’re into trading the major dollar pairs like I am, then you’re gonna want to see these inflection points and catalysts that might affect the majors’ price action.

Here are the numbers!

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 speeches – We won’t see any monetary policy decisions this week, but that won’t stop major central bankers from lighting fire on your charts!

This week the ECB will be hosting the Central Bank Communications Conference in Frankfurt, and biggies like Fed’s Yellen, BOJ’s Kuroda, BOE’s Carney, and Mario Draghi himself are expected to share their two cents. Oh, and keep an eye out for other central bank officials that are scheduled to make speeches outside of the conference!

2. Tax talk – Last week the dollar mostly lived and died by tax reform-related updates and this week promises more cliffhangers. Will the Upper and Lower houses piece together a bill they can both live with? More importantly, will it impress or underwhelm market players? Stay glued to the tube, friends!

3. Top-tier U.S. and U.K. reports – One look at my forex calendar tells me that the dollar and pound may be in for a (more) volatile week than the others. Over the next couple of days Uncle Sam will print its PPI, CPI, and retail sales reports, while the U.K. will release its CPI, employment, and retail sales numbers. Talk about a busy week!

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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.