Lahore, Pakistan -- (ReleaseWire) -- 06/30/2014 -- Marc Walton from Forex Mentor PRO released his Forex Weekly Analysis. He thinks that there is big opportunity this week. Anyone interested can try Forex Mentor PRO Program for 7 days for $1 only. Forex Mentor PRO program is an educational program that teaches how to trade on higher timeframes of H4 and D1.
This is what Marc Walton says: “Hi, interesting week ahead with numerous interest rate announcements, press conferences, speeches and wrapping up, this week on a Thursday, with NFP. More than ever you need to pay attention to your calendars before placing trades and managing open ones when these releases are due. I use Forex Factory’s Calendar.
We have seen in recent weeks how comments by central bankers can force big moves on pairs. Mr Draghi caused some big ones in May & June and a few weeks ago Bank of England chief Mark Carney caused a surge upwards on the Gbp when he hinted at sooner than expected interest rate hikes, only to say the opposite late last week which caused a drop! So what is he and other central bankers playing at?
Carney is blessed that the UK economy appears to be doing much better BUT he has a major juggling act to pull off, which was made even more difficult last week when the British Chancellor of the Exchequer handed him responsibility to cool the bubbling housing market. On the one hand Carney could do with using rate hikes to put the brakes on house prices, on the other his main remit is to keep inflation below a specific figure AND he doesn’t want sterling to become too strong as it affects the Uk’s balance of payments – if UK goods become too expensive foreigners will buy elsewhere. Here are links to a couple of articles I mention in the video: Carneys Loan cap too weak to stifle housing boom and comments by a senior BoE bank executive: Bank of England Can’t Control House Prices.
This week Mrs Yellen speaks on Wednesday. She was too ambiguous for analysts at the recent FOMC meeting so she may use this opportunity to add some clarity. If she does or even does not, the $USA is likely to race one way or the other. There is also big RBA; Ecb, BoE, Cad etc news this week so we really do need to tread carefully and yet, there are trades to be had…”
About Marc Walton
Marc Walton is a professional forex trader with many years of trading experience. He is one of the main mentor’s at the Forex Mentor PRO Program. He is assisted by Omar and Pierre. Over 4,000 traders are members of his program.
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