The Dollar Index regain strength and this week's risk events may play a big factor whether it will continue to go up or down. The biggest risk event this week will be:
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1. Draghi's speech on Monday
2. Kiwi's Financial stability report and Loonie's GDP on Wednesday
3. Pound's Manufacturing PMI and greenback's ADP on Thursday
4. and the trio Average Hourly Earnings, Unemployment and NFP on Friday,
Another thing to note is that whenever there is an upcoming election, it brings uncertainty leading up to the event. Similar to recent US election and UK's referendum, this is what is happening to GBP right now. However, if May wins which is high likely to happen, there is a chance that GBP will continue to rise but with several obstacles along the way.
www.forexfactory.com/
1. Draghi's speech on Monday
2. Kiwi's Financial stability report and Loonie's GDP on Wednesday
3. Pound's Manufacturing PMI and greenback's ADP on Thursday
4. and the trio Average Hourly Earnings, Unemployment and NFP on Friday,
Another thing to note is that whenever there is an upcoming election, it brings uncertainty leading up to the event. Similar to recent US election and UK's referendum, this is what is happening to GBP right now. However, if May wins which is high likely to happen, there is a chance that GBP will continue to rise but with several obstacles along the way.
