FX Outlook for Week 27

Personal Opinion by Dieter Daniel

“Personal Exchange Information”

~ Consider that the time is considered at the time of Romania or the time of Discord SwingFish Server.

Sunday to Monday 1 July:

Market recorrection, until 3 AM – Tokyo session, nothing volatile. At 11:30 PM, AUD will gain ground against $, as the Australian Industry Group will announce rates. Within 20 minutes, JPY may jump up and down at the announcement of the Japanese Production Rates.

Monday 2 July:

Canada Day, all CAD pairs will have a dead market, or unexpected surprises. At the Asian session, JPY and CNY are gaining ground against $. AUD will lose some ground. The London Session, from 10:15 to 12:00 AM, the EUR wins ground against $ and may also gain ground against AUD, GBP, JPY, CAD, NZD, CHF. CHF will lose a little ground against $ and EUR. GBP will gain ground against $. The NYC session, starting at 15:00 PM, loses ground against EUR, AUD, GBP, JPY, CAD, NZD, CHF.


Tuesday 3 July:

At the Asian Session at 2:50 AM, JPY is losing ground to $. Hours 4:00 – 4:30 AM, AUD gains ground against $. Hours 7:30 AM, Australian Bank of Australia interest rate will propel AUD gaining ground against $. At the London session, the EUR and GBP will juggle against $ with a chance to win. EURGBP may fall as the GBP has a faster growth than the EUR. At the NYC session, $ is unpredictable, but in short term, it might lose ground more and more from EUR, AUD, GBP, JPY, CAD, NZD, CHF.


Wednesday July 4:

US Independence Day – All US markets are closed on Wednesday. At the Asian session, AUD and GBP will have small withdrawals from $, and JPY will win. At 4:30 AM, AUD market movements are unpredictable, but with a uptrend. CNY wins ground against $. At the London session, EUR, AUD, GBP, JPY, CAD, NZD, CHF earn ground versus $, because $ is inactive. At the NYC session, the market is dead or full of surprises, it is recommended not to trade by the end of the day.


Thursday July 5:

In the Asian session at 2:50 AM with small withdrawals JPY strengthens against $. At 9:00 AM and the London Session, the EUR, against $ earns ground with small small withdrawals. CHF loses some ground. 12:00 AM Carney’s  Speech will propel GBP earning ground against $. EURGBP may fall. At the NYC Session, $ will juggle and gain ground against EUR, AUD, GBP, JPY, CAD, NZD, CHF, but especially against CAD at 6:00 PM. The Federal Open Market Committee (FOMC), will make unpredictable market movements with a 50% probability of propelling $ upwards or downwards from EUR, AUD, GBP, JPY, CAD, NZD, CHF.


Friday 6 July:

At the Asian Session at 2:50 AM – 8 AM, the JPY loses ground against $. At 9:00 AM, EUR earns ground against $, and towards 9:45 AM, it will withdraw a little. London Session, CHF may lose ground against EUR. GBP and EUR will juggle and will gain ground against $. At the NYC session on Friday, July 6, the strongest news of the month and the volatility creator for July – the Non-Farm Payrolls rate, are announced. $ will dramatically lose ground against all currencies even gold, silver, etc. At the same time, the CAD will juggle aggressively gaining ground against $. CAD will strengthen against $ more and more. The expected USDCAD market movement is at least 100 pips downtrend.