Check out this week's Pairs in Focus: Forex Forecast
initially rallied during the week, and at one point looked like it was going to really start to take off. However, as the jobs number came out on Friday, we really started to see a lot of selling pressure now that it’s obvious the Federal Reserve is going to have to raise interest rates by at least 75 basis points. The inflation numbers will be in focus this coming week, and if the CPI numbers are hotter than anticipated, that will only pile on to the negativity.
Regardless, this is market is going to be very choppy and difficult to get your head around at times, so the most important thing you can do is keep your position size reasonable.
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