Weekly Forex Trading Calendar for Week of January 12, 2020

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Jan 12, 2020. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

Excel version of calendar011220

PDF version of calendar011220

Weekly Forex Trading Calendar for Week of December 30, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Dec 30, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

Excel version of calendar123019

PDF version of calendar123019

Weekly Forex Trading Calendar for Week of December 16, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Dec 16, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of calendar121619

Excel version of calendar121619

Weekly forex trading calendar for the week of October 28, 2019.

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of October 28, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

Excel version calendar102719

PDF version of calendar102719

Weekly Forex Trading Calendar for Week of October 21, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of October 21, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of calendar102119

Excel version of calendar102119

Weekly Forex Trading Calendar for Week of October 14, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of October 14, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of calendar101419

Excel version of calendar101419

Weekly Forex Trading Calendar for Week of Sept 23, 2019

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Sept 23, 2019. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

PDF version of calendar092319

Excel version of calendar092319

Weekly Forex Trading Calendar for Week of Dec 17, 2018

Weekly Calendar Calls

We have just posted our weekly news trading calendar for the week of Dec 17 2018. You can download the pdf and excel file by clicking on the Read More Link. These are soft biases on economic data and not trades that we directly trade or track like BK Swing and News.

Excel version of calendar121718

PDF version of calendar121718

USDCAD – Why it Could Hit 1.26 Next Week

USDCAD – Why it Could Hit 1.26 Next Week

Chart Of The Day

USDCAD – Why it Could Hit 1.26 Next Week

One of the biggest stories next week could be a NAFTA deal. In the past week, both President Trump and Prime Minister Trudeau have said that significant progress has been made and its widely believed that a preliminary agreement will be announced at the summit in Peru beginning on Friday April 13th. With the Mexican elections fast approaching, if Trump wants a deal during a time when meaningful policy changes can still be made according to White House trade adviser Peter Navarro, “its got to be soon,” which means “2 weeks to 30 days.” Although Canada’s trade deficit widened more than expected, job growth was very strong in March with more than 32.3K jobs added, 68.3K of which were full time hires. There are no major Canadian economic reports scheduled for release in the week ahead so if a NAFTA deal is announced, it could take USD/CAD to 1.26 quickly.

Technically, there’s a lot of support below current levels for USD/CAD. On Friday, the pair’s decline was halted by the 50-day SMA near 1.2740. Even if the pair breaks below that level, the 100-day SMA and 200-week SMA sit right at 1.2700. A break below 1.2675 would be needed for an accelerated move lower.

GBP/USD Rally Next Week?

GBP/USD Rally Next Week?

Chart Of The Day

gbpusd102917

Next week is a big one for The Bank of England has a monetary policy announcement on the calendar and the market is pricing in an 89% chance of a rate hike. We’re not so sure that the BoE is ready to move especially given the recent weakness in retail sales, slowdown in CPI growth and larger trade deficit but investors clearly feel differently. They believe that even if the BoE stands pat in November, they’ll hike in December with yearend rate hike expectations hovering just over 90%. These hawkish views were driven by the minutes from last month’s BoE meeting, which revealed that a majority of MPC members see “scope for stimulus reduction in the coming months.” On that same day, BoE Governor Carney confirmed that not only have the odds of a hike have increased but he is among the majority on the MPC who see the need to change stimulus. While a hike could wait until December, many investors anticipate the move happening in November because it will be accompanied by a Quarterly Inflation Report and press conference that would give Carney the opportunity to explain the change and manage the market’s future expectations.

Technically, GBP/USD is basically range bound going into BoE. There’s support between 1.30 (100-day SMA) and 1.3050 (38.2% Fib retracement of the September 2016 to September 2017) rally and resistance below 1.33.