Weekly Trading Forecast: NFPs and RBA Rate Decision Key FX Catalysts This Week
Monetary policy has proven the Forex market's top driver the past six months. That puts this week's NFPs a market-forecasted RBA rate cut in the spotlight.
When is ‘in-line’ a source of fundamental strength – when the economy/market/asset is already positioned as a leader.
With Greek leadership rattling the cages of the Euro-Zone’s creditors and the ECB’s QE program set to launch in six-weeks, the Euro is in a veritable state of headline-driven purgatory.
The Bank of England (BoE) interest rate decision may have a limited impact on GBP/USD as the central bank is widely expected to preserve its current policy at the February 5 meeting.
The Australian Dollar may launch a rebound if the RBA opts against a rate cut and maintains neutral guidance at its upcoming policy meeting.
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