With the uprising tension in Ukraine and because we are in facto in a war the market action may be disrupted by the events developing right now in Ukraine. If the market will get very sensitive to this geopolitical event we can see massive capital inflows into the save haven instruments like USD,CHF,JPY and Gold which is ultimately the hedge against government not inflation as I've been demonstrating in my previous blog posts.

Above all of this next week economic calendar is very heavy and HOT as major Central Banks around the world have scheduled either interests rates decisions like RBA, BOE and BOC or market policy announcement like ECB which from my point of view should be the one to watch as it will set the tone for EUR/USD for the long term trend, so we should see either market finally breaking down or if we break above current resistance level which is an important trend line that connects the picks from 2008 and 2011, and if this gives away the EURO is due for a major rally.

Also on Friday another major risk event as we have the NFP figures which should add extra volatility to the markets. Unfortunately I don't have enough time to go in details right now, I'm currently busy writing my next article:"Ukraine a Geopolitical Event. Cycle of Wars." and trust me you'll want to read this one, it's a continuation of my last month blog post about Ukraine crisis with the title:"Olympics and Stock Market Correlation and cycle of war" which caught attention to many of you.

Best Regards,
Daytrader21
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