The Dollar lit up like a roman candle after the July Fourth holiday. The currency benefited from a stronger-than-expected June jobs report, and its move comes just two days after President Donald Trump suggested that the United States should begin manipulating its currency to better compete with China and Europe.
Market predictions are all over the map after the jaw-dropping fall and rebound in the S&P 500 over the past six months. Some believe the market’s 14% swoon in the fourth quarter 2018 was unjustified given that the U.S. economy remains strong.
Others worry that, after a 13.3% year-to-date rebound, the market has rallied too fast given recent signs that the economy and earnings growth are slowing. The net result is an environment where price action remains headline-driven, with several key levels to watch heading into Q2.
We have a HUGE WEEK for markets ahead. Take a look at the economic events that are poised to move forex markets in the next five days:
- Monday, 10:30 PM ET: Reserve Bank of Australia
- Wednesday, 10:00 AM ET: Bank of Canada
- Thursday, 7:45 AM ET: European Central Bank
- Friday, 8:30 AM ET: U.S. February Non-Farm Payroll Report
Here’s a look at how all these events may shake out in the market.