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Webinar: BoJ, FOMC, RBNZ to Drive Volatility Across Global Markets

Webinar: BoJ, FOMC, RBNZ to Drive Volatility Across Global Markets

Michael Boutros, Strategist
  • Setups in focus ahead off key event risk this week
  • Updated targets & invalidation levels

It’s a BIG week for central bank event risk with the BoJ, FOMC & RBNZ on tap. The dollar crosses remain in focus with the Dow Jones USDOLLAR Index at risk for losses while below key resistance at 12014/19. Initial support rests with Friday’s low / 100DMA at 11938.

Fed Fund Futures are pricing just a 20% probability the central bank will raise rates but the focus will be on the updated quarterly projections as they pertain to growth, inflation, and employment. As always, the highly publicized interest rate dot plots will be crucial in assessing the projected interest rate path in the light of the recent conflicting rhetoric we’ve been hearing from various committee members.

Key technical setups discussed on USDOLLAR, USDCAD, AUDUSD, GBPUSD, GBPJPY, NZDUSD, USDJPY, Gold & Crude Oil. Continue tracking these setups and more throughout the week- Subscribe to SB Trade Desk and take advantage of the DailyFX New Subscriber Discount.

Check out SSI to see how retail crowds are positioned as well as open interest heading into the close of June trade.

Relevant Data Releases

Webinar: BoJ, FOMC, RBNZ to Drive Volatility Across Global Markets

Help fine-tune you entries, click here to learn more about the DailyFX Grid Sight Index (GSI)

Other Setups in Play:

Looking for trade ideas? Review DailyFX’s 2016 2Q Projections

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list

Join Michael for Live Scalping Webinars on Mondays on DailyFX and Tuesday, Wednesday & Thursday’s on SB Trade Desk at 12:30 GMT (8:30ET)

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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