We observed impressive moves this week. Not only because of their size but also because of the direction change.
The mover of the week was the Gbp/Jpy with 555 pips of profit compared to a move of 687 losing pips the week before (yes the top mover for the second week).
We understand that central banks have interest to keep things stable and like to intervene whenever things go off the track. BOJ is famous for the interventions but other central banks are also active when needed.
On Tuesday we expect the monetary policy meeting from Australia that could affect the Ausie pairs and later in the day the ZEW report for the Euro pairs and Retail sales for USD pairs.
Thursday is the day with 12 red reports (according to FF) with the Federal Funds Rate and the accompanying conference being the top mover of the day. Avoid to open any trades before or immediately after the announcements.
In the following video you can see my analysis for the coming week. It is usually no longer than 20 min but this time I had to explain my way of trading because my analysis will be replicated at www.forextell.com (thank you Mary, Sean and Tiger) and newcomers would like to get an idea about the way I approach the market.
The mover of the week was the Gbp/Jpy with 555 pips of profit compared to a move of 687 losing pips the week before (yes the top mover for the second week).
We understand that central banks have interest to keep things stable and like to intervene whenever things go off the track. BOJ is famous for the interventions but other central banks are also active when needed.
On Tuesday we expect the monetary policy meeting from Australia that could affect the Ausie pairs and later in the day the ZEW report for the Euro pairs and Retail sales for USD pairs.
Thursday is the day with 12 red reports (according to FF) with the Federal Funds Rate and the accompanying conference being the top mover of the day. Avoid to open any trades before or immediately after the announcements.
In the following video you can see my analysis for the coming week. It is usually no longer than 20 min but this time I had to explain my way of trading because my analysis will be replicated at www.forextell.com (thank you Mary, Sean and Tiger) and newcomers would like to get an idea about the way I approach the market.
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