The weekend has passed without any market moving events, so the Sydney open should be fairly quiet. Tomorrow should be a key day for NAFTA talks and many US farmers are on edge – they know the US has much to lose by withdrawing from NAFTA. The Loonie will also be under scrutiny obvsiouly. President Trump will deliver his State of the Union address on Tuesday night at 9pmET, and US earnings will also continue to be watched. In Europe, keep an eye on the continuing coalition talks between Merkel and the SPD.
This week will be quite influential for the USD with the FOMC Rates Decision (join us Live to trade through it) and NFP-Friday which will put all other releases on the back burner. In the UK we get Markit PMIs while Europe will issue the flash GDP growth figures and inflation. Canada will issue it’s GDP number.
China will release figures for both official and Caixin manufacturing PMI. Australia will issue the most recent CPI.
Going into the week, I remain bullish on US indices & Crude Oil; I remain bullish on the AUD and bearish on NZD and USD (although the USD stance in particular might change given the risk event).
About the Author
Justin is a Forex trader and Coach. He is co-owner of www.fxrenew.com, a provider of Forex signals from ex-bank and hedge fund traders (get a free trial), or get FREE access to the Advanced Forex Course for Smart Traders. If you like his writing you can subscribe to the newsletter for free.