Talking Points:
- The week opens with continued retracement in the US Dollar after last week’s fresh yearly highs, and this has helped to bring pullbacks of varying degrees to major pairs such as EUR/USD[1], GBP/USD[2] and AUD/USD[3]. We looked into each of these markets in our FX Setups for the Week of August 20, 2018[4].
- This week’s economic calendar is very light up front until we get to Wednesday’s release of FOMC[5] meeting minutes. This leads into ECB meeting minutes on Thursday morning, and Thursday evening brings the release of July inflation numbers out of Japan[6]. Friday marks the beginning of the annual Jackson Hole Economic Symposium in Wyoming.
- DailyFX Forecasts on a variety of currencies such as the US Dollar[7] or the Euro[8] are available from the DailyFX Trading Guides page[9]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[10]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[11].
Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator[12].
US Dollar, Euro, Japanese Yen in Focus This Week
This week’s economic calendar[13], particularly the early portion is relatively quiet. We have no high-impact announcements on the docket until we get to Wednesday’s release of FOMC minutes from the August rate decision. Not much happened at that rate decision, so there aren’t many expectations for new information
