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This past week saw lots of price action in the Dollar as the markets aggressively priced in almost four rate cuts for the FED for the rest of 2020.
The reason for the sudden increase was due to the potential economic fallout from the Coronavirus as well as the massive drops seen in the Equity markets.
Investors were rattled by the potential economic impact of the Coronavirus and saw the fastest 10% correction in the S&P500 in the history of the index. As investors sought cover, we also saw US 10-Year Bond Yields hit its lowest level on record.
This coming week the market will turn their attention to the upcoming Fed speakers for signals of potential policy changes before their blackout period starts on 7 March. We also have important economic data points that could create further volatility.
Apart from that, all eyes will be on the Coronavirus and whether we see large-scale breakouts in the US or whether the virus can be contained.
This week ahead video will help you prepare for this week’s upcoming event and provide insights into how you could possibly trade it as well.
Highlights of the video:
00:28 – Baseline context for the currency
03:41 – Baseline expectations for the upcoming risk event
06:20 – Possible sentiment shifts
10:01 – Possible currency pairs to consider