The calendar is light on Monday. Trading will be mostly affected by Friday’s dollar strength and by speeches from key figures: Geithner, Trichet and King. Let’s see what’s awaiting us.
Don’t worry. The action returns on Tuesday with major releases all around the world. Check out the forex weekly outlook details on the major events. Anyway, these events are with us today:
Australia’s New Motor Vehicle Sales fell last month by 3.4%, and are now expected to rise. Will the Aussie resume the uptrend? Check out the AUD/USD forecast for more.
In Switzerland, the SNB Quarterly Bulletin might move the strong Swiss Franc. Interventions weren’t recently felt by the SNB.
Jean-Claude Trichet, president of the ECB, will make a public appearance in Brussels, and could move the Euro. EUR/USD is currently trading around 1.35. For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
Also Britain’s Mervyn King will make a public appearance today, speaking at the Royal Society in London. King has a tendency to hurt the Pound each time he meets a microphone. Will he do that today as well? The Pound is already under 1.50.
For more on cable, read the GBP/USD forecast.
A day after Ben Bernanke’s speech focused on bank bailouts and didn’t provide any comments about monetary policy, US Treasury Secretary Timothy Geithner might elaborate on the economic situation and move currencies in a speech late in the day.
Just before the day ends, Japan’s Monetary Policy Meeting Minutes are released. This might shake the Japanese Yen.
That’s it for today. Happy forex trading!
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