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The first trading day of the month gives us a raft of PMIs from uk, europe and the states, the ISM manufacturing from the US is one to watch at 15.00 GMT.
I intend to watch for developing trends around these announcements to see if I can find a trend for a few hours, using LWMA and SMA. The USD against the CAD and the AUD are of particular interest to me. The commodity currencies have been weak recently due to crash in oil price and the chinese slowdown, I expect this to continue. Don't forget the RBA rate decision on tuesday morning, a cut is quite possible.
There is an old Chinese curse which says "May you live in interesting times". I suspect that 2015 could be the most interesting year we've had recently, so hang on to your hats.
I intend to watch for developing trends around these announcements to see if I can find a trend for a few hours, using LWMA and SMA. The USD against the CAD and the AUD are of particular interest to me. The commodity currencies have been weak recently due to crash in oil price and the chinese slowdown, I expect this to continue. Don't forget the RBA rate decision on tuesday morning, a cut is quite possible.
There is an old Chinese curse which says "May you live in interesting times". I suspect that 2015 could be the most interesting year we've had recently, so hang on to your hats.