|
Well, we are here in the first week of the month which brings the ECB, BoE rate decisions, NFP's, the ISM readings along with a slew of other major releases. Therefore, we could see a lot of volatility which could present some good scalping opportunities. The Rate decisions aren't expected to pack the punch like last month but with the ECB outlining their plans for their quantitative easing efforts it deserves watching. We may see markets quiet ahead of Friday's NFP where if we see another sizable reduction in job losses then we could see equity markets soar and the dollar continue to fall.
__________________
John Rivera is the author of Market Brief, Top FX Headlines, and Forex Trading Weekly Forecast on DailyFX.com.
|
