The biggest news from last week was the breakthrough in the Fiscal Cliff battle in Washington. However, the saga's end failed to feed risk appetite in the FX market and the dollar rallied by week's end.
Two important rate announcements this week for the EUR and GBP are likely to shatter the ranges in which key pairs have been trading.
My long-term trades stay - I am convinced that they would soon break out bullish.
Monday
SELL USD/CAD once setup appears.
At 11pm, Manila, Ivey PMI survey comes out which is expected to come out positive for the CAD.
Tuesday
BUY AUD/USD once setup appears.
At 8:30am, Manila, the next day, Australian Retail Sales data are due to come out which is forecasted to be positive for the AUD.
Wednesday
No trade for this day.
Thursday
No trading for me on this day. The ECB and Bank of England are set to make interest rate announcements which could make the market really volatile. Hopefully, the rate announcements allow the pairs to break the range and set the direction for the short-term.
More volatility could come before, during and right after the conferences that accompany the announcements. Gotta keep a sharp eye and ear on those.
Friday
No trading this day. Back to the drawing boards for me.
Proud and Hoping
15 years ago
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