You have probably noticed how volatility has been increasing in financial markets. As I am mostly interested in Forex market I spend most of my time watching how various currency pairs behave. It is quite clear that Yen pairs are most influenced. Recent remarks by the president of BOJ (Bank of Japan) has put Japanese on strong pressure. You just can look at eur/jpy, gbp/jpy and usd/jpy or any other Yen pair to see that.
In my opinion this strong volatility in fx market will continue. It will also affect dollar pairs as I do think that dollar will go down till the end of this year. It does not mean we have to trade during holidays. However, if we do decide to trade we should check what news comes out this week and be aware of extra volatility that those might bring to the markets.
Here are the most important news this week:
Wednesday - Bank of England minutes at 9.30 GMT
Gross domestic product of New Zealand at 21:45 GMT
Thursday - Bank of Japan rate decision at 00:00 GMT
German producer prices at 7:00 GMT
US gross domestic product at 13:30 GMT
Friday - Gross domestic product of Great Britain at 9:30 GMT
Consumer price index of Canada at 13:30 GMT
These are pieces of news of high importance. Be careful if you decide to trade around these times.
Good luck and see you soon.
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