Hello All.
I hope you had a great weekend and ready for some good profitable week ahead.
I feel that this week is going to be particularly heavy on POUND, YEN, AUSSI and CAD based pairs. Amongst, i think the most volatile pairs would be GBPJPY and CADJPY, provide they meet my expected FUNDAMENTAL criteria.
Criteria:
1) UK datas should be positive - I expect them to be... especially jobless claim / unemployment rate and BOE minutes on Wednesday. This will ensure the bull run of POUND, and help recover some of those past week pull backs.
2) JPY rate decision - I suspect BOJ should elaborate a bit more about anticipated (i think half is already priced in - nonetheless) 2nd round of stimulus.
3) CAD rate decision - Although the datas have been quite disappointing for CAD lately, better than expected growth in the neighborhood can provide some sort of spill over/safety net for Canadian economy. We should not see any disappointment from CAD rate decision.
Should these three criteria be met, I will be heavy long on GBP against AUD and JPY . And, long on CAD against JPY..
Good luck Trading!
...Anil.
I hope you had a great weekend and ready for some good profitable week ahead.
I feel that this week is going to be particularly heavy on POUND, YEN, AUSSI and CAD based pairs. Amongst, i think the most volatile pairs would be GBPJPY and CADJPY, provide they meet my expected FUNDAMENTAL criteria.
Criteria:
1) UK datas should be positive - I expect them to be... especially jobless claim / unemployment rate and BOE minutes on Wednesday. This will ensure the bull run of POUND, and help recover some of those past week pull backs.
2) JPY rate decision - I suspect BOJ should elaborate a bit more about anticipated (i think half is already priced in - nonetheless) 2nd round of stimulus.
3) CAD rate decision - Although the datas have been quite disappointing for CAD lately, better than expected growth in the neighborhood can provide some sort of spill over/safety net for Canadian economy. We should not see any disappointment from CAD rate decision.
Should these three criteria be met, I will be heavy long on GBP against AUD and JPY . And, long on CAD against JPY..
Good luck Trading!
...Anil.