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Just a heads up to all traders, this Monday is a Bank Holiday in America and Canada as well.
This might just be the week that volatility slows down once again. We've had increased volatility for the last 2 weeks or so, and the holiday to start the week in the past has presented a slow down in the market.
Another thing to keep an eye on, this week the RBNZ is set to cut interest rates once again. The rate announcement is on Wednesday, and the expectation is for a move from 3% to 2.75%. Much of this may already be priced in, however there can still be some further bearish momentum leading into the meeting.
This might just be the week that volatility slows down once again. We've had increased volatility for the last 2 weeks or so, and the holiday to start the week in the past has presented a slow down in the market.
Another thing to keep an eye on, this week the RBNZ is set to cut interest rates once again. The rate announcement is on Wednesday, and the expectation is for a move from 3% to 2.75%. Much of this may already be priced in, however there can still be some further bearish momentum leading into the meeting.
