Trading plan for the week of: Monday, March 15, 2021.
Upcoming volatility: USD, CAD, NZD, AUD, GBP
USD – United States Dollar
Last week data was good but wasn’t the market mover as we hoped for. Talks of inflation are in play due to spike in bond yields. Stocks also took a small hit last week. Positively cautious.
EUR – EURO
While overall negative outlook, EUR has managed to bounce back from previous lows. Not much going on for this week, opening up sells opportunities.
CAD – Canadian Dollar
Overall positive outlook. Strong data, recovery in play. Retail sales are expected to be positive on Friday adding more strength for the dollar.
NZD – New Zealand
Economy back in recovery and lockdown measures are easing up. However GDP showing up negative on Tuesday, might want to wait see how it plays out.
GBP – Great British Pound
Positive outlook. Nothing stopping the sterling for now.