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The big 3 facing forex next week - #SaxoStrats
There is three important event risks the coming week for global markets, Saxo Bank’s head of FX strategy John Hardy explains.
UK prime minister Theresa May’s speech on Brexit is her chance to outline
negotiating priorities as we head towards the triggering of Article 50 at the end of March.
The second big event risk is The European Central Bank meeting on Thursday. There has been noise that some ECB members are pushing back on QE, and how ECB president Mario Draghi handles this is important for the euro, says Hardy.
Of course, these two are merely the appetiser for the most important event next week — Trump’s inaugural address. How Trump prioritises and positions fiscal spending is the key for Fed rate hikes and economic growth.
Next week looks pivotal for the dollar, potentially for the euro and especially for sterling, Hardy concludes.
02:44 minutes
Tags: brexit, draghi, ebc meeting, euro, event risk, fed rate hike, john hardy, pivotal, theresa may