Risk event for the week of 30 January: US rate decision
It’s a big week for central banks with rate announcements in Europe, the UK and the US. Daily FX analyst, Warren Venketas, joins IGTV’s Jeremy Naylor to look at the descending triangle for the Dollar Index.
These sorts of patterns usually resolve on the downside, however, as Warren points out the risk here is the Fed statement may have a hawkish tinge to it.
This would have a destabilising effect on the descending triangle as a continuation pattern and send the DXY trade up. Where will it go? Listen in.
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