Day 423: Interesting week

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It’s going to be an interesting week today filled with bank statements. We’ll be hearing from BoJ, BoE, FOMC, ECB, and the RBA. There will be a lot of speculation before the meeting and even have whip lash movements depending on how much of an impact the bank statements bring.

Today was a slow day with the dollar gaining late momentum in the afternoon of NY. A September rate hike probability is decreasing and the chances of a December hike sits around 55%. The main focus on this week will be the BoJ and FOMC which will greatly affect USD/JPY. The yen has been appreciating as a safe haven but it can instantly reverse. I made some profits shorting the NZD/CAD but I made the mistake to hold the trade for too long as it reversed sharply in Asia session. I’m holding a long GBP/USD trade overnight and hopefully I can wake up to profits.

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