Trading plan for the week of: Monday, March 8th, 2021.
Upcoming volatility: GBP, USD, EUR, CAD
GBP – Great British Pound
GBP has been very strong lately but major sell off 2 weeks ago. Data release end of week showing decline in manufacturing production but I think GDP MoM will be greater hence looking at possible recovery.
USD – US Dollar
Dollar rallied past 2 weeks off very strong 10 Yr Treasury yields and rise in hiring employees number. Some profit taking is due, positive CPI, negative ADP and negative PPI.
EUR – EURO
Euro is overall negative. Too much debt and directionless in their policies. Vaccines deliveries are also late.
CAD – Canadian Dollar
Overall good data but BoC Interest Rate update this week. Positively cautious.