Weekly Analysis September 8th Markets are on the edge! After a mixed Nonfarm Payrolls on Friday we will have another interesting week in markets.
US Inflation comes, the other important metric for the FED in their monetary policy stance. And inflation is set to cool down, which will give us opportunities.
Another important event to look for is Bank of England is set to cut interest rates to 4% from 4.25%. This will also give us opportunities.
Our focus for the week will be:
USD/CAD shorts
Given the weakness of dollar, and the inflation data set to further weaken the dollar, we will focus on this one. The data from Canada is quiet this week so we will use the negative dollar to find the setup. However, we still need some confirmation before entering the trade.
EUR/CAD Shorts
Same as the USD/CAD scenario, BOE is set to lower interest rates and price action is looking good, we still need more confirmation before executing.
EUR/JPY Shorts
On Monday morning, Japan GDP will come out and will give us the direction of this pair. Our bias is to the downside but we will monitor the GDP print and make decision on this one as the time goes by during the week.
EUR/NZD Shorts
Another euro in the mix for this week, we will be extremely careful in this one and in our whole euro bias overall.
Remember, you don’t need to catch all the moves, you need only 1 or maybe 2 good setups in the week, sometimes even in the month.
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.