Webinar: Dollar Course Unclear, High Profile Euro and Pound Events
- After a period of bad trading, many traders respond by losing confidence and abstaining from good setups
- Recognizing a period of 'gun shy' trading can be as easy as seeing a drop in average trade or a read on emotions
- Sticking to a well-thought out strategy is the best means for removing destructive emotions from the trading process
Having trouble trading in the FX markets? This may be why.
Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. The Dollar picked up with the past week's impressive run to extend the strongest 5-day rally since the August financial panic. However, the intense move does not automatically set up the currency for clear follow through. Unlike the past two weeks where we had NFPs, the FOMC decision and 1Q US GDP to anchor fundamental conviction; the road ahead is dotted with limited engagement. That means speculation, risk trends and counter-currency trends will likely take a bigger - and more unwieldy - role for Greenback bearing. Meanwhile, the Euro and Pound are looking at key event risk ahead. A special Eurozone minister meeting on Greece this morning pushed back a resolution once again. Greek GDP on Friday will prove less ambiguous. For the Pound, the BoE rate decision on Thursday comes with the Quarterly Inflation report where speculation has an easier time developing. Of course, this impact will be shaped by the Brexit vote marching ever closer. We look at this week's major fundamental drivers - both scheduled and unscheduled - in this webinar.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.