Business-Insider

by John Jagerson

It is unlikely that the tier of small announcements due this week will be able to change the trend on their own, which means we need to be on the lookout for the unexpected. Technicals will likely be important this week as traders try to set profit targets and projections for the next few weeks.

Outside the forex, I am watching yields and stocks very closely for signs of a breakout. A change in the risk bias in these markets through a breakout or unexpected news will ripple through the forex. Clearly that would impact the JPY but the commodity currencies may also be sensitive to these changes if investors flee to quality again. Although the AUD and NZD look very fundamentally sound, it makes sense to manage our risk more aggressively on those pairs in the short term.

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Analysis by Profiting With Forex (PFX)