Greg Michalowski
Independent Analyst
Summary
What the ECB and Non Farm Payroll means for your forex trading this week. Greg Michalowski, President and Founder of GregMikeFX.com and author of Attacking Currency Trends, will look forward post the NFP and ECB interest rate decision as the new trading week begins. Calm after the storm or more action ahead? Join Greg for his opinion on the forex trading week and what to focus on.Latest Live Videos
Editors’ Picks
EUR/USD holds steady above 1.1850 in quiet session
EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.
GBP/USD flat lines near 1.3650 ahead of UK and US data
GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.
Gold sticks to intraday losses; lacks follow-through
Gold remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.
Bitcoin consolidates as on-chain data show mixed signals
Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.
The week ahead: Key inflation readings and why the AI trade could be overdone
It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.
Here is what you need to know on Monday, February 16:
Major currency pairs trade in familiar ranges to start the week as investors stay on the sidelines ahead of this week's key events and macroeconomic data releases. The European economic calendar will feature Industrial Production data for December on Monday. Stock and bond markets in the US will remain closed in observance of the Presidents Day holiday.