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Hello all,
Lets talk a little bit about the impact of the economic calendar and the impact on market.
The weeks ahead will bring a lot of speculation with this core data on investors mind:
a) 21 September - FED interest rate decision
b) 15 September - SNB and BOE interest rate decision
c) 20 September - BOJ interest rate decision
d) 22 September - RBNZ interest rate decision
This is a lot! Markets will become in days ahead very volatile not because data - now unknown - but with the perspectives of what will be the decision.
This scenario already had been seen in this same period of the last year. With this volume of speculation I would prefer not to trade but... I have to because if not I have no chance to win the contest
In this scenario currencies of the countries with probabilities of rise interest rates tend to go higher than the counterparty. Example: EUR/USD is expected start southwarding or USD/JPY is expected to start northwarding and reach the recents top levels, respectively.
This movements are pure speculation no matter what happened with other data released or to be released until the date of the Central Banks decisions: other data although real and important have much less impact of interest rate decision speculation.
Good luck everyone.
Lets talk a little bit about the impact of the economic calendar and the impact on market.
The weeks ahead will bring a lot of speculation with this core data on investors mind:
a) 21 September - FED interest rate decision
b) 15 September - SNB and BOE interest rate decision
c) 20 September - BOJ interest rate decision
d) 22 September - RBNZ interest rate decision
This is a lot! Markets will become in days ahead very volatile not because data - now unknown - but with the perspectives of what will be the decision.
This scenario already had been seen in this same period of the last year. With this volume of speculation I would prefer not to trade but... I have to because if not I have no chance to win the contest
In this scenario currencies of the countries with probabilities of rise interest rates tend to go higher than the counterparty. Example: EUR/USD is expected start southwarding or USD/JPY is expected to start northwarding and reach the recents top levels, respectively.
This movements are pure speculation no matter what happened with other data released or to be released until the date of the Central Banks decisions: other data although real and important have much less impact of interest rate decision speculation.
Good luck everyone.
