Week of 2/24/20
Focusing on EUR/USD and USD/JPY overall this week but will be watching all currencies that have opportunities.
Pre-Market News - NZD Retail Sales, China retail and industrial production, should hold heavy weight on Mon
2/24 - 4am German IFO, could have impact. 11:30am US bill auctions, likely no effect
2/25- 2am German GDP. US has a multitude of news starting at 9, overall culmination of reports could contribute to price movement.
2/26- US New home sales at 10am and Oil report at 10:30am. NZD Trade balance and exports at 4:45 am
2/27- EU news at 5, market close could diminish impact. US GDP annualized and capital goods orders(both red folder) along with a multitude of medium effect reports all releasing at 8:30am, definite massive market reaction. 6:30Pm JAP CPI along with unemployment and other reports have the potential to move JPY depending on the trade week.
2/28- CAD GDP @ 8:30 am, German CPI @ 8 am, US reports @ 8:30am
Notes:
USDJPY broke uptrend now in potential downtrend or retest of high.
EURUSD broke downtrend now in a likely uptrend if German and overall EUR news is positive for the week, however if US news is similarly pos be wary. BIG NEWS IN EU, ITALY REPORTING CORONA OUTBREAK, who cares if its actually bad or not lots of news today before market open. Could see money moving out of CHF just due to geological location and recently money has been leaving JPY towards safer currencies, more likely EUR could be dropping or at least retesting low. JPY most likely will rely largely on reports, which have been overall negative as of late.
JPY investors overall losing faith other safe haven currencies have benefitted in terms of trader bias so be aware of what ways institutional traders would want their money.
Focusing on EUR/USD and USD/JPY overall this week but will be watching all currencies that have opportunities.
Pre-Market News - NZD Retail Sales, China retail and industrial production, should hold heavy weight on Mon
2/24 - 4am German IFO, could have impact. 11:30am US bill auctions, likely no effect
2/25- 2am German GDP. US has a multitude of news starting at 9, overall culmination of reports could contribute to price movement.
2/26- US New home sales at 10am and Oil report at 10:30am. NZD Trade balance and exports at 4:45 am
2/27- EU news at 5, market close could diminish impact. US GDP annualized and capital goods orders(both red folder) along with a multitude of medium effect reports all releasing at 8:30am, definite massive market reaction. 6:30Pm JAP CPI along with unemployment and other reports have the potential to move JPY depending on the trade week.
2/28- CAD GDP @ 8:30 am, German CPI @ 8 am, US reports @ 8:30am
Notes:
USDJPY broke uptrend now in potential downtrend or retest of high.
EURUSD broke downtrend now in a likely uptrend if German and overall EUR news is positive for the week, however if US news is similarly pos be wary. BIG NEWS IN EU, ITALY REPORTING CORONA OUTBREAK, who cares if its actually bad or not lots of news today before market open. Could see money moving out of CHF just due to geological location and recently money has been leaving JPY towards safer currencies, more likely EUR could be dropping or at least retesting low. JPY most likely will rely largely on reports, which have been overall negative as of late.
JPY investors overall losing faith other safe haven currencies have benefitted in terms of trader bias so be aware of what ways institutional traders would want their money.