It’s been a busy start to the week as the USD has continued its grind higher putting a fair bit of pressure on the majors. However, our attention now turns to the Central Banks as both the Bank of Canada (BOC) and the European Central Bank (ECB) come into focus with their interest rate decisions.
Today’s Forex Signals Watchlist
USD/CAD - With the BOC being the focus of the day, there is every chance of strong momentum plays in the Loonie.
USD/JPY - We are currently at a big level and if we can break above it there is the potential for a lot more upside to come.
EUR/USD - The Euro might be quiet in the lead-up to the ECB meeting, but come Thursday this will be in play. At the moment we are seeing constant selling so any uptick is a great opportunity.
Nikkei - We just closed a successful buy signal and overall the Nikkei has been one of the best performers in the last week. Watch out for new signals in this one.