Fundamental Fiesta!
Good Afternoon,
I am just getting back in the swing of things and since I am just starting to go through my technical analysis routine, I am going to save the charts until tomorrow. But, plenty to talk about on the fundamental side.
Tuesday: Bank of Canada Rate Announcement, G7 Meetings, ISM Services (be sure to look at the employment and new orders sub-components)
Wednesday: ECB Rate Announcment, AUD Employment
Thursday: claims, Bernanke, BOE Rate Announcment, Spanish and French bond auctions
Friday: Bernanke, CAD Employment
These are heavy hitters of data and they could add fuel to the fire, helping higher volatility markets to become even more volatile. Meaning, there should be the opportunity for multiple overbought/oversold opportunities throughout the trading day.
As I mentioned, a broad view of the charts will come tomorrow as I look to the broader trends to give me a fundamental opinion of bullish/bearish sentiment.
A question for you that you are welcome to comment on (and a segway into tomorrow's charts): Do you think the EUR/USD will get below the 1.20 handle regardless of what equity markets do?
Link to next Wednesday's Webinar: "Trading Around the Clock"
Happy Trading and Be Environmentally Cool
Coach Brian
Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.
