The week ahead is looking like one of the biggest of the year, with a number of huge data points and plenty of Central Bank action.

The headline acts will no doubt be the FOMC and US Employment on Friday. However, that is ignoring the fact that the US is in the middle of earnings season, with equities and the USD continuing to make fresh highs, which is big news by itself. While the US-China talks continue on Tuesday and are in the ‘final stages’.

Outside the US, we also have a host of Chinese data will be important for the Asian markets in particular, so be sure to watch out for an already jittery AUD/USD if the data disappoints.

In Europe, we get a look at Eurozone CPI and German jobs data, but most of the attention will be on the GBP/USD as we hear from the BOE on their current monetary policy.

One of the biggest weeks for the year, so don’t leave your screens.

Forex Signal Update

The FX Leaders Team finished the week with eight wins from thirteen signals which is a win rate of 62%.

EUR/USD – Active Signal

The EUR/USD is still weak here despite a modest bounce late last week. There are a few key data points out this week, but any further USD upside will see this trade working in our favour.

AUD/USD – Active Signal

The AUD/USD fell away badly last week but couldn’t quite breakdown through the big 0.7000 level. Price bounced and we are now short again off the next resistance level at 0.7050. There’s a bit of Chinese data this week, but no big news locally until the RBA next Tuesday.

Cryptocurrency Update

BTC had a poor week by its recently lofty standards on the back of the Bitfinex worries that we spoke about at the time. $5,000 did hold and to me that is actually a strong sign. When price is strong is the face of negative news, that means there are buyers.

The other positive story was that US brokerage firm eTrade is considering adding Bitcoin and Ethereum, which would be a huge boost to both coins and the overall market, given that it is one of the bigger retail platforms available.

$5,000-$5,400 will continue to be the range to watch this week to see which side takes controls here.