domenica 16 febbraio 2020

Weekly Game Plan 17 Feb 20

You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. Our best pieces can be found in one placehere. If you want to get an idea for how I trade trends, this webinar will help. If you want to know how I Trade the News, this plan will help. 


Here is this week's Game Plan

Remember that Canada and the US are out on Monday.
With no data or news from the weekend, it should be a quiet start to the week. Focus will then turn back to the coronavirus, and to the data dump this week, especially from the UK and EU given the Euro's recent drop.

Themes for the Week Ahead:
  • PBOC Stimulus:  with the Chinese economy slowing down due to the coronavirus, the PBOC will keep stimulus measures very much alive. Expect spending plans from the government as well.
  • Recovery of not: as the growth in the coronavirus slows, risk-assets should recover swiftly. Crude Oil has already begun the ascent, and copper should follow. Stocks continue to soar.
  • Euro fallout: political chaos in Germany, plus weak data, hedging pressures and falling exports to China have hit the Euro hard. More pain to come this week.
Data in the Week Ahead:
  • RBA Minutes
  • GER ZEW
  • UK Employment Change
  • AU Wage Price Index
  • UK CPI
  • CAD CPI
  • FOMC Minutes
  • AU Employment
  • UK Retail Sales
  • EU & UK PMIs
  • Cad Retail Sales
On the Radar:

I continue to remain bullish on indices (with a tad of caution since last weeks' performance wasn't  stellar), I'm flipping to bullish on Crude Oil for the first time in weeks; I'm bearish on Euro and Chf vs USD & GBP

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