We don’t have a lot going on this week that we will be trading live in the room however the RSS can be used for a lot of different releases this week leading up to Friday which is full of trade opportunities we will follow in the room.
I don’t normally give advice on the trades that we don’t watch live in the room however I now you all are eager to trade so I will give you some options for tomorrow as rate decisions are pretty cut and dry.
First we have the Rate Decision coming out of Canada. Now the chances of them raising rates is very slim however if they happen to raise rates it will be a huge move. I don’t trade the rate decisions simply because they very rarely deviate from the expected however every once in a while they will surprise you.
If they raise rates the USD/CAD will fall substantially. Its expected that they will remain the same at 4.25%. This release is due out at 9:00 am eastern
The next possible trade is the AUD Rate Decision. The same thing goes for this release. Chances are nothing will happen however if they increase rates you will see a substantial move up on the AUD/USD. It is expected that rates will stay unchanged at 6.25%. This release is due out at 5:30 pm eastern,
Good Luck trading!!!
