Forex macro bias: the 8 majors scored every trading day on central banks, data and risk mood. Free plan, no card. Premium 14 days free. Not financial advice.
Today's forex calendar, Wed 28 Oct (UTC):
13:45 BoC decision
18:00 Fed decision
The 8 majors going in, ranked and explained: link in bio. Not financial advice.
馃嚦馃嚳 RBNZ decision (2:00pm local)
Decision: unchanged at 2.75% (4-3, three members voted for +25 bp)
Expected: +25 bp to 3.00%
Previous: 2.75%
Below expectations.
The week ahead in forex, high impact only (UTC):
Wed 01:00 RBNZ decision
Wed 13:45 BoC decision
Wed 18:00 Fed decision
Thu 13:15 ECB decision
Fri ~03:00 BoJ decision (no fixed time)
and 4 more
Our ranking of the 8 majors, the setups and the reasons why: link in bio.
At a 1:2 risk reward ratio you break even, before costs, if one trade in three works. Every ratio needs its own hit rate, and a higher ratio does not make a strategy work by itself:
Where the 8 central banks stand, policy rate and next decision:
Fed 3.75 to 4.00%, 28 Oct
RBNZ 2.75%, 28 Oct
BoC 2.25%, 28 Oct
ECB 2.50%, 29 Oct
BoJ 1.25%, 30 Oct
RBA 4.60%, 3 Nov
BoE 3.75%, 5 Nov
SNB 0.00%, 10 Dec
Among the 8 majors this week, Friday to Friday, CAD led (+0.81%) and EUR lagged (-0.90%).
Strongest: CAD +0.81%, AUD +0.54%
Weakest: EUR -0.90%, CHF -0.41%
By the ECB reference rates against an equal basket of the eight, price only.