Trading the Week Ahead February 26th, 2024


Financialsource Representative

Key points in the above video:
  • Purpose of Analyzing Data Points:
    • Seeking high probability trading opportunities.
    • Identifying market direction.
  • Example Opportunity on Canadian CPI Data:
    • Analysis of baseline, surprise, and bigger picture.
    • Bank of Canada's response to inflation uptick.
    • Opportunity presented by potential surprise drop in Canadian inflation data.
  • Potential Trades and Outcomes:
    • EUR/CAD or USD/CAD upside if a miss in CPI data.
    • Immediate long EUR/CAD trade after event.
    • USD/CAD trade opportunity with retracement.
  • Upcoming Events and Market Analysis:
    • New home sales, Japanese CPI data, and US consumer confidence.
    • Australian and New Zealand interest rate decisions.
    • French and German CPI data.
    • US PCE print as a significant event.
  • Expectations and Trading Opportunities:
    • Potential rate hike by RBNZ.
    • Implications for NZD strength.
    • US inflation data impact on currency pairs and gold.
    • Canadian GDP data and its effect on CAD.
    • German PMI data and its significance.
    • ISM PMI prints and their importance.
  • Key Opportunities:
    • RBNZ interest rate decision and US PCE print.
    • Updates provided on trading opportunities through a cheat sheet.