Weekly Overview September 15th. A HUGE week ahead of us. The most anticipated FOMC in this cycle.
Along with the FOMC meeting, scheduled to cut rates, we have Bank Of England interest rate decision, Bank of Japan interest rate decision, Canadian CPI, Euro CPI…
This week screams of high volatility and it will give us the direction of where markets wanna go.
If you see the chart of the Dollar index, you can see that dollar is stuck in a range for a month.
This week will unwind this struggle. Markets are at a pivotal point, and with that said here are our thoughts on this week.
In our main focus this week will be EUR/NZD, we had this in our analysis from last week but last week we didn’t execute any traders. However EUR/NZD is still on our radar.
We will monitor this and navigate through the week as events come along and will have to align our bias with brother market sentiment.
We will be extremely cautious because this will potentially be one of the most volatile weeks in the year.
So stay sharp, manage your risk and protect your capital. Live to trade another day.
Please note that this is only our opinion and you shouldn’t take it as investment advice. Make your analysis and do your research on the markets before execution. Remember that your capital is at risk and it is fully your responsibility to manage your own risk.
Our opinions and biases are for educational purposes only.