Saturday October 24, 2015 - 16:43:40 GMT
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Valerio Gelpi - www.valeriogelpi.com
Will the Dollar Move Higher?
The focus in the week ahead should remain on central bank policy meetings with the FOMC due on Wednesday and the BoJ on Friday. This follows ECB president Draghi rocking the EUR with his uber dovish comments, which by the way I suggested was a risk before the event (see below). Regarding the meetings, the focus of the FOMC is whether it keeps a December rate hike on the table while the BoJ risk is for the central bank to ease. This should keep a bid under USDJPY while the EURUSD focus is on the pivotal.10 level.
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