The week ahead will be important with 3 major central banks meeting with rate decisions and press conferences
The meetings are as follows:
- BOJ - 31 Jul - USDJPY to strengthen post the meeting
- 1 Aug - FMOC/FED - DXY to strengthen leading into the meeting
- 2 Aug - BOE. For me personally this is the key event in the week. If the BOE put interest rates up which is expected with a hawkish tone GBPUSD will rally up and DXY should break key levels to the downside
The meetings are as follows:
- BOJ - 31 Jul - USDJPY to strengthen post the meeting
- 1 Aug - FMOC/FED - DXY to strengthen leading into the meeting
- 2 Aug - BOE. For me personally this is the key event in the week. If the BOE put interest rates up which is expected with a hawkish tone GBPUSD will rally up and DXY should break key levels to the downside