USD is going to sky rocket this October as global economies are going to suffer from lockdowns. We are already seeing countries like Canada, France, Israel, and the UK reinforcing lockdowns. Additionally, BoA has updated its forecasts for October, being bullish on the safe-haven currencies such as the USD and JPY, and short on the Euro and equities.
Today, October 12 EST, both the ECB president and BoE governor are going to talk. I believe they have some bad news in regards to both COVID and the Brexit, which so far seems like it's more likey it will be done without a deal.
Trading plan:
- Set stop sells and monitor ECB and BoE speeches.
- Based on technical analysis, I see two potential TP.
Today, October 12 EST, both the ECB president and BoE governor are going to talk. I believe they have some bad news in regards to both COVID and the Brexit, which so far seems like it's more likey it will be done without a deal.
Trading plan:
- Set stop sells and monitor ECB and BoE speeches.
- Based on technical analysis, I see two potential TP.