You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. My new Coaching Page is also online.
Here is this week's Game Plan:
The Sunday Telegraph is quoting a report by Fitch saying the Fed Funds rate could rise much faster than the market is expecting end even faster than the Fed’s own forecasts. Fitch believes the Fed will hike four times in 2018. If the market buys into this, it could breathe some life into the USD. Looking ahead, key China data and earnings reports from US banks and multi-national companies will be in focus. In this context, the Euro's rally seems suspect given ECB's Weidmann has recently played down risk of imminent rate hike. Beyond these themes, the main data risk is represented by the Bank of Canada's Rates decision, UK CPI & Retail Sales and AU Employment.
Don't expect much volatility into Monday given the US bank holiday and no real market moving news released over the weekend.
My initial watchlist this week has Dow & S&P long, Crude Long, and a basket of Eur/Gbp/Aud/Nzd vs. USD. Cad will be observed opportunistically following the BOC decision.
Good Luck!
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