Matt Simpson, CFTe, MSTA
CityIndex
A snapshot view of last week's money flow and technical notes for the week ahead.
KEY EVENTS THIS WEEK:
FOMC Staff projects and FED press conference will gain a lot of interest as traders try to decipher forward guidance and timing of interest rate rises. With the USD gaining traction as the markets price in an earlier rate rise then the FED will need to deliver stringer clues to avoid any long-covering.
Scotland will vote for independence with a 'Yes' expected to bring further downside for Sterling, or rapid short-covering if they vote 'no' (a more likely outcome).
AUD: New Motor Vehicle Sales; RBA Policy Meeting minutes
CAD: Manufacturing Sales; Core CPI; Wholesale Sales
CHF: Trade Balance; Libor rate; SNB Monetary Policy Assessment
EUR: GER Zew Economic; Final CPI;
GBP: CPI; MPC Votes; Retail Sales; Scottish Independence
JPY: Kuroda Speaks; Trade Balance
NZD: GDP q/q
USD: PPI; Core CPI; FOMC Projections' Fed Funds Rate and press conference;
FOREX:
DXY Bullish; Targeting 84.70 above 83.8
AUDUSD Most bearish W1 close since July 2013; Targeting 0.85 (H&S reversal)
EURUSD Bullish Pinbar warns of weakness to the bearish move
GBPUSD Recouped previous weeks losses but failed to close the 150 pip gap down
USDCAD W1 Morning Star Reversal in line with bullish trend warns of trend continuation
USDCHF W1 Shooting Star warns of weakness to bullish move
USDJPY Most bullish W1 close since June '13 and targeting 110
NZDUSD Targeting 0.80 but found interim support at 200wk MA
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