Trading plan for the week of: Monday, March 1st, 2021.
Upcoming volatility: GBP, USD, EUR, AUD
GBP – Great British Pound
GBP has been very strong across all currencies for quite some time. Sell-off last week from profit taking but overall still bullish. PMI reports expected with positive data which matches our macroeconomic dashboard.
USD – US Dollar
US economy has been showing positive data since last week, sign of data showing recovery both in consumer and business sentiment. Data however is not reflecting those recovery sentiments. Better than expected data is most likely to happen this week. US Treasury Yields doing better numbers than expected, adding pressure to Gold sell off.
EUR – EURO
Euro is overall negative. Too much debt and directionless in their policies. Vaccines deliveries are also late.
AUD – Australian Dollar
AUD is overall negative but data should show recovery soon as lockdown comes to an end. AUD also gets hit by stock sell offs.