The Week of Many Opportunities!
This week being the end of January and the beginning of February is a great opportunity to trade all the major currency pairs, commodities and indices.
The Euro zone will have the European Central Bank president Draghi talking on Tuesday and Thursday and on Wednesday the FED will announce interest rates and there will be FOMC statements coming out.
From Japan we will have monetary policy statement and a press conference on Tuesday.
Germany’s unemployment change is also coming out on Tuesday and that is going to influence the EURO as Germany is the main locomotive behind Europe.
From Canada on Tuesday the BOC Governor Poloz will speak out and this will surely give the CAD some volatility and an opportunity to make some profits.
The UK will announce interest rate decision and the inflation report will come out with the BOE MPC meeting minutes being brought to light and Carney the Governor of the BOE will talk.
Friday will be awesome as the week is topped up with the unemployment rate from the USA and non farm payroll comes out.
Not to mention the week includes other news events such as manufacturing news, consumer confidence and crude oil inventories.
Make sure you follow up the news everyday from our news calendar here: https://www.cmtrading.com/en-US/Economic-Calendar/
Capitalize your profits and open an account here!
Don’t forget to watch our daily videos on our home page at www.cmtrading.com and review the daily economic data releases from our webpage.
***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.
HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.
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