Weekly Analysis January 28th. Looking at the economic calendar for next week we can see data coming left right and center.
USD:
On Tuesday we have JOLTS, On Wednesday we have the Fed’s FOMC meeting and interest rate decision, then we have the jobless claim and on Friday we have Non farm Payrolls as February starts.
For Euro we have GDP and European CPI.
BOE has their meeting on Thursday with their interest rate decision.
Canda has its GDP print.
We have some headlines coming out today with further escalation in the Middle East.
On the technical side we have dollar stuck in an almost 2 week range.
Given all the facts above we will be looking for intra-day opportunities in buying dollar on Monday and early Tuesday. If we don’t get anything in this period we will sit on the bench because we don’t wanna get injured in the volatility.