Weekly Analysis

This week is going to be another volatility-charged week.

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Here are the key events that I will be looking at:

  • Monday, 9:30PM – ECB Draghi’s Speech
  • Thursday, 2:00AM – Fed Interest Rate + FOMC Speech by Yellen
  • Thursday, usually around late morning/early noon – BOJ Rate Release
  • Thursday, 4:30PM – SNB Rate Release
  • Thursday, 8:00PM – BOE Rate Release

(All in GMT +8, Singapore time)

So if you’re trading on Thursday, do take note of the above events and trade safe.

I will be monitoring if the USD will still give way to the downside, following the assumption that whatever expectations of a rate hike has already been priced in.
If it hikes, this will be the first rate hike of 2017, with the previous hike on Dec 14 2016. I am personally expecting a 25bp increase.

On the JPY front, I will be looking for bearish opportunities within the JPY cross pairs, especially GBP/JPY – which has the potential to free fall on the Daily timeframe.

May the pips be ever in your favor.

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