ForexAnalytix Week Ahead Video November 5th 2023
Week Ahead Video November 5th 2023
Can the Rally Party Continue?
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Blake Morrow of #ForexAnalytix talks about the week ahead in #FOREX as the market rallied sharply following the inaction of the BOJ, the Treasury Announcement and then the FOMC. The data following those events allowed the market to continue to squeeze higher as US data came in slightly worse than forecasted.
Blake looks at the major events that may move the market next week like the RBA decision, New Zealand Inflation expectations, China CPI/PPI inflation data and the Banxico rate decision. He looks at the technical developments in the AUDUSD, NZDUSD and USDMXN. Also, with the USDCAD and IVEY PMI on deck, and the Norway inflation data due out, the USDNOK may be a mover.
Blake also looks at the S&P, Nasdaq100, Gold, 10yr Notes, US Dollar, EURUSD and the GBPUSD and gives his best three setups for the week.
#weeklyforexforecast #forexforecast #forexanalysis
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