Expectations for the upcoming week
Starting on Tuesday, the economic calendar will be very saturated throughout the trading week, which ultimately indicates a very volatile trading week. This week significant news on Europe, the US, Australia and Canada will be published, which will force the market to respond to these events. Read more in Focus of the Week.
At the beginning of the week, it is worth noting a significant overbought of the dollar on the investors flight from the risks and other currencies of the safe harbor: yen and franc. The expectation of the upcoming news will make it necessary to adjust positions on the major currencies, and hence on the US dollar. This can cause the formation of a correction in the market. On the other hand, the uncertainty surrounding the risks with European banks’ investments in Turkey and US foreign policy remains a deterrent, and their aggravations will be viewed by the market as a negative signal for possible correction. (Andre Green)
Read also “State bonds as a factor to buy one or another currency “
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
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