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Archive: April to June 2024
NewsWatch & Best Pairs Lists

Archive - RED 71th XX 2024

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Archive - 16th June 2024

 


MAX NewsWatch List


16th​​ June 2024.

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

Using the NewsWatch

 ​​ ​​ ​​​​ Currency Considerations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the​​ EUR, USD, JPY & GBP can impact all Pairs
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the smaller currencies generally only impact their own pairs.

 ​​ ​​ ​​​​ News Impacts:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ High Impact​​ News: ​​ ​​ ​​​​ – can affect all Pairs (even the NZD)​​ 

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ All Timeframe​​ News:​​ – can impact all timeframes of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Under H4​​ News: ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ – can impact timeframes from H4 down of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor:  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​​​ – Use to keep abreast of changes.

 ​​ ​​ ​​​​ Recommendations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Do not Open orders​​ 1 hour prior to a News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Close Orders​​ 15-30minutes before the News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ This is to avoid volatility that can damage​​ account $$ & profit $$.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ MAX Standard Students have more options.

 

 

 

 

 

 

N.A.

Sun Jun 16

 

 

 

 

 

 

 

 

 

 

Monitor

Mon Jun 17

8:15 a.m

CAD

Housing Starts

 

 

 

 

 

 

 

Hi Impact

Tue Jun 18

12:30 a.m

AUD

Cash Rate

 

Hi Impact

Tue Jun 18

12:30 a.m

AUD

RBA Rate Statement

 

Hi Impact

Tue Jun 18

1:30 a.m

AUD

RBA Press Conference

 

Monitor

Tue Jun 18

5:00 a.m

EUR

Final Core CPI y/y

 

Monitor

Tue Jun 18

5:00 a.m

EUR

Final CPI y/y

 

Under H4

Tue Jun 18

5:00 a.m

EUR

ZEW Economic​​ Sentiment

 

Under H4

Tue Jun 18

5:00 a.m

EUR

German ZEW Economic Sentiment

 

Under H4

Tue Jun 18

8:30 a.m

USD

Core Retail Sales m/m

 

Under H4

Tue Jun 18

8:30 a.m

USD

Retail Sales m/m

 

Under H4

Tue Jun 18

9:15 a.m

USD

Industrial Production m/m

 

All​​ TFs

Tue Jun 18

Tentative

NZD

GDT Price Index

 

All TFs

Tue Jun 18

6:45 p.m

NZD

Current Account

 

Monitor

Tue Jun 18

7:50 p.m

JPY

Monetary Policy Meeting Minutes

 

All TFs

Tue Jun 18

7:50 p.m

JPY

Trade Balance

 

 

 

 

 

 

 

Monitor

Wed Jun 19

2:00 a.m

GBP

CPI​​ y/y

 

Monitor

Wed Jun 19

2:00 a.m

GBP

Core CPI y/y

 

All TFs

Wed Jun 19

4:00 a.m

EUR

Current Account

 

Monitor

Wed Jun 19

Tentative

EUR

German 30-y Bond Auction

 

Holiday

Wed Jun 19

All Day

USD

Bank Holiday

 

Monitor

Wed Jun 19

1:30 p.m

CAD

BOC​​ Summary of Deliberations

 

All TFs

Wed Jun 19

6:45 p.m

NZD

GDP q/q

 

 

 

 

 

 

 

Monitor

Thu Jun 20

12:30 a.m

CHF

SNB Financial Stability Report

 

All TFs

Thu Jun 20

2:00 a.m

CHF

Trade Balance

 

Hi Impact

Thu Jun 20

3:30 a.m

CHF

SNB Monetary Policy​​ Assessment

 

Hi Impact

Thu Jun 20

3:30 a.m

CHF

SNB Policy Rate

 

Hi Impact

Thu Jun 20

4:00 a.m

CHF

SNB Press Conference

 

Monitor

Thu Jun 20

4:00 a.m

EUR

ECB Economic Bulletin

 

Monitor

Thu Jun 20

Tentative

EUR

Spanish 10-y Bond Auction

 

Hi Impact

Thu​​ Jun 20

7:00 a.m

GBP

Monetary Policy Summary

 

Hi Impact

Thu Jun 20

7:00 a.m

GBP

MPC Official Bank Rate Votes

 

Hi Impact

Thu Jun 20

7:00 a.m

GBP

Official Bank Rate

 

Monitor

Thu Jun 20

Tentative

GBP

BOE Inflation Letter

 

Monitor

Thu Jun 20

8:30 a.m

USD

Unemployment Claims

 

Under H4

Thu Jun 20

8:30 a.m

USD

Philly Fed Manufacturing Index

 

All TFs

Thu Jun 20

8:30 a.m

USD

Current Account

 

Monitor

Thu Jun 20

8:30 a.m

USD

Housing Starts

 

Monitor

Thu Jun 20

11:00 a.m

USD

Crude Oil Inventories

 

Monitor

Thu Jun 20

7:01 p.m

GBP

GfK Consumer Confidence

 

Monitor

Thu Jun 20

7:30 p.m

JPY

National Core CPI y/y

 

 

 

 

 

 

 

Under H4

Fri Jun 21

2:00 a.m

GBP

Retail Sales m/m

 

Monitor

Fri Jun 21

3:30 a.m

EUR

Flash Manufacturing PMI

 

Monitor

Fri Jun 21

4:00 a.m

EUR

Flash Services PMI

 

Monitor

Fri Jun 21

All Day

EUR

ECOFIN Meetings

 

Under H4

Fri Jun 21

8:30 a.m

CAD

Core Retail Sales m/m

 

Under H4

Fri Jun 21

8:30 a.m

CAD

Retail Sales m/m

 

Monitor

Fri Jun 21

9:45 a.m

USD

Flash Manufacturing PMI

 

Monitor

Fri Jun 21

9:45 a.m

USD

Flash Services PMI

 

Monitor

Fri Jun 21

10:00 a.m

USD

Existing Home Sales

 

Monitor

Fri Jun 21

10:30 a.m

USD

Natural Gas Storage

 

 

 

 

 

 

 

N.A.

Sat Jun 22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists

 

16th​​ June 2024​​ 

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

128

814

Suggested

Best Pairs

2

EURJPY

112

713

3

GBPCHF

62

700

4

GBPUSD

68

676

5

GBPAUD

100

662

6

USDJPY

100

635

7

GBPNZD

103

632

8

EURUSD

59

585

9

USDCHF

52

581

10

CHFJPY

90

573

11

EURAUD

86

571

Less stressful?​​ 

12

EURCHF

50

567

Maybe less profitable,

13

EURNZD

92

563

maybe easier trades?

14

AUDUSD

54

542

 

15

AUDJPY

80

505

 

16

CADJPY

77

487

 

17

AUDCHF

43

485

​​ 

18

GBPCAD

67

485

​​ 

19

USDCAD

64

466

Poorer performers:

20

NZDUSD

46

464

Much less volatility &

21

NZDJPY

72

455

likely less profit from

22

EURCAD

61

443

these pairs based on

23

NZDCHF

38

430

their past performance

24

CADCHF

36

410

 

25

EURGBP

30

374

 

26

AUDCAD

47

340

 

27

NZDCAD

42

308

 

28

AUDNZD

35

217

​​ 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the​​ selection.
MAX Courses will teach you how to make this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 17th​​ June

Tues 18

Wed 19

Thur 20

Fri 21

 

 

1st​​ 
Choices

GBPJPY or EURJPY

GBPAUD or
​​ EURUSD

EURJPY or GBPJPY

GBPCHF OR GBPUSD

GBPJPY or GBCHF

GBPCHF or GBPUSD

EURJPY or GBPUSD

USDJPY or GBPNZD

GBPNZD or USDCHF

GBPUSD or GBPAUD/NZD

 

2nd​​ 
Choices

GBPAUD or USDJPY

GBPNZD or USDCHF

EURUSD or CHFJPY

GBPJPY, GBPAUD or​​ USDJPY

CADJPY,
​​ GBPCAD or USDCAD

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones​​ instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by​​ CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURAUD

  • EURCHF

  • EURNZD

  • AUDUSD​​ 

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
16th​​ June 2024


Last modified ​​ –Russia Sanctions Increased ​​ ​​​​ 
OPEC/Petrodollar
European & UK Elections​​ – Possible Far Right Swings/Leanings​​ 

Taylor Swift​​ &​​ GBP​​ Rate​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

 ​​  ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor  Ongoing BOJ Intervention Confirmed –​​ (7th June 2024)
 ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1288017-japan-finmin-suzuki-fx-intervention-should-be-used?&highlight=japan

European & UK Elections​​ – Monitor – Far Right influence + Violence  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for Recession mitigation​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ & Interest Rate Changes.

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes​​ ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or Retaliation - Tensions Escalate

 

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug​​ 2023 ​​ & 26 Aug 21)
–​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
–​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
– Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 


Impact of AI on workforce  ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)
 ​​ ​​​​ Monitor ​​ - IMF: likely​​ impact 60% of jobs in​​ advanced economies and 40% of jobs​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ around the world in the next two years,
 ​​ ​​ ​​ ​​​​ https://www.reuters.com/technology/artificial-intelligence-hitting-labour-forces-like-tsunami-imf-chief-2024-05-13/

 

 

US Dollar losing primacy as Reserve​​ Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for payments.
 ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
 ​​ ​​ ​​ ​​​​ https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 

Russia Rouble Unsteady  ​​ ​​ ​​​​ –​​ (Updated: 16 June 2024, 08-2022, 02-2022 & 2021,​​ 07-2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 
USSR/Ukraine – ​​ Monitor​​ 

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ V Tight Sanctions now in place.​​ 
 ​​ ​​ ​​ ​​​​ https://www.newsweek.com/russia-china-yuan-ruble-1912458

 ​​ ​​ ​​ ​​​​ https://edition.cnn.com/2024/06/13/investing/us-russia-sanctions-dollar-euro-trading/index.html
– Impacts money access, productions, Sales Personal, ports, shippers, oil.

–​​ Impacts incomes = inflation, bank stability.

 ​​ ​​ ​​ ​​​​ https://www.washingtonpost.com/world/2024/06/13/russia-sanctions-us-war-ukraine/

 

USSR Leadership issues ​​​​ – Monitor (Added:  1st July 2023)

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

Banks under Scrutiny by ECB  ​​ ​​​​ –​​ (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial​​ problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE Risks ​​ (Commercial Real Estate)​​ –​​ (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/

China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is​​ becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could​​ still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated:​​ 16 June 2024,​​ July 2023) 
 ​​ ​​ ​​ ​​​​ https://www.kitco.com/news/article/2024-06-13/saudi-arabia-ends-petrodollar-agreement-what-it-means-usd-bitcoin-and-gold
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of​​ terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

GBP – Taylor Swift delay Rate Cut? ​​ (Giggle) ​​​​ –​​ (Added:  4th December 2022)

 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/06/14/taylor-swift-london-eras-tour-delay-bank-of-england-rate-cut.html

 

 

 

Archive - 9th June 2024

 


MAX NewsWatch List


9th​​ June 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

Using the NewsWatch

 ​​ ​​ ​​​​ Currency Considerations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the​​ EUR, USD, JPY & GBP can impact all Pairs
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the smaller currencies generally only impact their own pairs.

 ​​ ​​ ​​​​ News Impacts:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ High Impact​​ News: ​​ ​​ ​​​​ – can affect all Pairs (even the NZD)​​ 

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ All Timeframe​​ News:​​ – can impact all timeframes of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Under H4​​ News: ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ – can impact timeframes from H4 down of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor:  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​​​ – Use to keep abreast of changes.

 ​​ ​​ ​​​​ Recommendations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Do not Open orders​​ 1 hour prior to a News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Close Orders​​ 15-30minutes before the News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ This is to avoid volatility that can damage​​ account $$ & profit $$.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ MAX Standard Students have more options.

 

 

 

 

 

 

Monitor

Sun Jun 9

Day 4

EUR

European Parliamentary Elections

 

Holiday

Sun Jun 9

All Day

AUD

Bank Holiday

 

All TFs

Sun Jun 9

7:50 p.m.

JPY

Current Account

 

Monitor

Sun Jun 9

7:50 p.m.

JPY

Final GDP Price Index y/y

 

Monitor

Sun Jun 9

7:50 p.m.

JPY

Final GDP q/q

 

Holiday

Sun Jun 9

All Day

CNY

Bank Holiday

 

 

 

 

 

 

 

Monitor

Mon Jun 10

1:00 a.m.

JPY

Economy Watchers Sentiment

 

Monitor

Mon Jun 10

10th-15th

CNY

New Loans

 

Monitor

Mon Jun 10

10th-15th

CNY

M2 Money Supply y/y

 

Monitor

Mon Jun 10

9:30 p.m.

AUD

NAB Business Confidence

 

 

 

 

 

 

 

Monitor

Tue Jun 11

2:00 a.m.

GBP

Average Earnings Index 3m/y

 

Monitor

Tue Jun 11

1:01 p.m.

USD

10-y Bond Auction

 

Monitor

Tue Jun 11

9:30 p.m.

CNY

CPI y/y

 

Monitor

Tue Jun 11

9:30 p.m.

CNY

PPI y/y

 

 

 

 

 

 

 

Monitor

Wed Jun 12

2:00 a.m.

EUR

German Final CPI m/m

 

All TFs

Wed Jun 12

2:00 a.m.

GBP

GDP m/m

 

Under H4

Wed Jun 12

2:00 a.m.

GBP

Industrial Production m/m

 

Under H4

Wed Jun 12

2:00 a.m.

GBP

Manufacturing Production m/m

 

Monitor

Wed Jun 12

All Day

EUR

Eurogroup Meetings

 

Monitor

Wed Jun 12

Tentative

EUR

German 10-y Bond Auction

 

Monitor

Wed Jun 12

Tentative

GBP

NIESR GDP Estimate

 

All TFs

Wed Jun 12

8:30 a.m.

USD

Core CPI m/m

 

All TFs

Wed Jun 12

8:30 a.m.

USD

CPI m/m

 

Monitor

Wed Jun 12

8:30 a.m.

USD

CPI y/y

 

Monitor

Wed Jun 12

10:30 a.m.

USD

Crude Oil Inventories

 

Hi Impact

Wed Jun 12

2:00 p.m.

USD

Federal Funds Rate

 

Hi Impact

Wed Jun 12

2:00 p.m.

USD

FOMC Economic Projections

 

Hi Impact

Wed Jun 12

2:00 p.m.

USD

FOMC Statement

 

Monitor

Wed Jun 12

2:00 p.m.

USD

Federal Budget Balance

 

Hi Impact

Wed Jun 12

2:30 p.m.

USD

FOMC Press Conference

 

Under H4

Wed Jun 12

9:30 p.m.

AUD

Employment Change

 

Under H4

Wed Jun 12

9:30 p.m.

AUD

Unemployment Rate

 

 

 

 

 

 

 

Monitor

Thu Jun 13

2:30 a.m.

CHF

PPI m/m

 

Under H4

Thu Jun 13

5:00 a.m.

EUR

Industrial Production m/m

 

Monitor

Thu Jun 13

Tentative

GBP

BOE Quarterly Bulletin

 

Monitor

Thu Jun 13

8:30 a.m.

USD

Core PPI m/m

 

Monitor

Thu Jun 13

8:30 a.m.

USD

PPI m/m

 

Monitor

Thu Jun 13

8:30 a.m.

USD

Unemployment Claims

 

Monitor

Thu Jun 13

10:30 a.m.

USD

Natural Gas Storage

 

Monitor

Thu Jun 13

1:01 p.m.

USD

30-y Bond Auction

 

Hi Impact

Thu Jun 13

Tentative

JPY

BOJ Policy Rate

 

Hi Impact

Thu Jun 13

Tentative

JPY

Monetary Policy Statement

 

 

 

 

 

 

 

Hi Impact

Fri Jun 14

Tentative

JPY

BOJ Press Conference

 

Monitor

Fri Jun 14

4:30 a.m.

GBP

Consumer Inflation Expectations

 

All TFs

Fri Jun 14

5:00 a.m.

EUR

Trade Balance

 

Under H4

Fri Jun 14

8:30 a.m.

CAD

Manufacturing Sales m/m

 

Under H4

Fri Jun 14

8:30 a.m.

CAD

Wholesale Sales m/m

 

Under H4

Fri Jun 14

10:00 a.m.

USD

Prelim UoM Consumer Sentiment

 

Under H4

Fri Jun 14

10:00 a.m.

USD

Prelim UoM Inflation Expectations

 

 

 

 

 

 

 

N.A.

Sat Jun 15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


9th​​ June 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

129

821

Suggested

Best Pairs

2

GBPCHF

61

686

3

USDJPY

107

685

4

EURJPY

105

668

5

GBPUSD

66

661

6

GBPAUD

96

635

7

GBPNZD

100

611

8

USDCHF

53

594

9

CHFJPY

90

577

10

AUDUSD

55

550

11

EURUSD

52

525

Less stressful?​​ 

12

EURAUD

80

524

Maybe less profitable,

13

EURNZD

85

519

maybe easier trades?

14

CADJPY

80

508

 

15

AUDJPY

79

504

 

16

EURCHF

44

495

 

17

NZDUSD

47

470

 

18

GBPCAD

64

467

​​ 

19

USDCAD

64

464

​​ 

20

AUDCHF

42

464

Poorer performers:

21

NZDJPY

71

452

Much less volatility &

22

NZDCHF

38

423

likely less profit from

23

CADCHF

36

401

these pairs based on

24

EURCAD

52

375

their past​​ performance

25

AUDCAD

46

338

 

26

EURGBP

25

316

 

27

NZDCAD

42

307

 

28

AUDNZD

37

228

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help​​ narrow the selection.
MAX Courses will teach you how to make this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 10th​​ June

Tues 11

Wed 12

Thur 13

Fri 14

 

 

1st​​ 
Choices

GBPJPY or USDJPY

GBPJPY or GBPCHF

GBPUSD or USDJPY

EURJPY or GBPAUD

USDJPY or EURJPY

EURJPY or CHFJPY

USDJPY or EURJPY

USDCHF or AUDUSD

AUDUSD or GBPJPY

GBPJPY, CHFJPY or GBPUSD

 

2nd​​ 
Choices

GBPCHF or GBPUSD

GBPUSD or GBPAUD

GBPJPY, GBPCHF or GBPAUD/NZD

USDJPY or GBPUSD

AUDUSD, USDCHF, CADJPY or ​​ GBPCAD

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money,​​ but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURUSD

  • EURAUD

  • EURNZD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
9th​​ June 2024


Last modified ​​ –Ongoing​​ BOJ Interventions​​ – (Confirmed)​​ 
European Elections​​ –​​ Possible​​ Far Right Swings
USA beats Pakistan​​ at Cricket OMG! ! !​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor ​​ Ongoing BOJ Intervention Confirmed –​​ (7th June 2024)
 ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1288017-japan-finmin-suzuki-fx-intervention-should-be-used?&highlight=japan

European Elections​​ – Monitor – Far Right influence + Violence ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for Recession mitigation​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or​​ Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21)
–Monitor ​​ - impact on trading​​ partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
–​​ Monitor –​​ Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
–​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 


Impact of AI on workforce  ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)
 ​​ ​​​​ Monitor ​​ - IMF: likely​​ impact 60% of jobs in​​ advanced economies and 40% of jobs​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ around the world in the next two years,
​​ https://www.reuters.com/technology/artificial-intelligence-hitting-labour-forces-like-tsunami-imf-chief-2024-05-13/

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 

Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

USSR/Balkin states​​ –​​ Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

Banks under Scrutiny by ECB  ​​ ​​​​ –​​ (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of​​ CRE​​ Risks ​​ (Commercial Real Estate)​​ –​​ (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 


China/Taiwan – Monitor for possible​​ aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 2nd June 2024

 


MAX NewsWatch List


2nd​​ June 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

Using the NewsWatch

 ​​ ​​ ​​​​ Currency Considerations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the​​ EUR, USD, JPY & GBP can impact all Pairs
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ News on the smaller currencies generally only impact their own pairs.

 ​​ ​​ ​​​​ News Impacts:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ High Impact​​ News: ​​ ​​ ​​​​ – can affect all Pairs (even the NZD)​​ 

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ All Timeframe​​ News:​​ – can impact all timeframes of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Under H4​​ News: ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ – can impact timeframes from H4 down of a relevant Pair.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor:  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​​​ – Use to keep abreast of changes.

 ​​ ​​ ​​​​ Recommendations:
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Do not Open orders​​ 1 hour prior to a News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Close Orders​​ 15-30minutes before the News Release.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ This is to avoid volatility that can damage​​ account $$ & profit $$.
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ MAX Standard Students have more options.

 

 

 

 

 

 

Monitor

Sun Jun 2

All Day

All

OPEC-JMMC Meetings

 

Monitor

Sun Jun 2

All Day

All

OPEC Meetings

 

Holiday

Sun Jun 2

All Day

NZD

Bank Holiday

 

Monitor

Sun Jun 2

9:00 p.m.

AUD

MI Inflation Gauge m/m

 

Monitor

Sun Jun 2

9:45 p.m.

CNY

Caixin Manufacturing PMI

 

 

 

 

 

 

 

Monitor

Mon Jun 3

2:30 a.m.

AUD

Commodity Prices y/y

 

Under H4

​​ Mon Jun 3​​ 

9:30 a.m.

CAD

Manufacturing PMI

 

Monitor

​​ Mon Jun 3​​ 

10:00 a.m.

USD

ISM Manufacturing PMI

 

Monitor

​​ Mon Jun 3​​ 

10:00 a.m.

USD

ISM Manufacturing Prices

 

All TFs

​​ Mon Jun 3​​ 

9:30 p.m.

AUD

Current Account

 

Monitor

​​ Mon Jun 3​​ 

11:35 p.m.

JPY

10-y Bond Auction

 

 

 

 

 

 

 

All TFs

​​ Tue Jun 4​​ 

2:30 a.m.

CHF

CPI m/m

 

All TFs

​​ Tue Jun 4​​ 

Tentative

NZD

GDT Price Index

 

All TFs

​​ Tue Jun 4​​ 

9:30 p.m.

AUD

GDP q/q

 

Monitor

​​ Tue Jun 4​​ 

9:45 p.m.

CNY

Caixin Services PMI

 

 

 

 

 

 

 

Under H4

Wed Jun 5

8:15 a.m.

USD

ADP Non-Farm Employment Change

 

Hi Impact

Wed​​ Jun 5

9:45 a.m.

CAD

BOC Rate Statement

 

Hi Impact

Wed Jun 5

9:45 a.m.

CAD

Overnight Rate

 

Monitor

Wed Jun 5

10:00 a.m.

USD

ISM Services PMI

 

Hi Impact

Wed Jun 5

10:30 a.m.

CAD

BOC Press Conference

 

Monitor

Wed Jun 5

10:30 a.m.

USD

Crude Oil​​ Inventories

 

Monitor

Wed Jun 5

11:35 p.m.

JPY

30-y Bond Auction

 

 

 

 

 

 

 

Under H4

Thu Jun 6

4:30 a.m.

GBP

Construction PMI

 

Monitor

Thu Jun 6

Tentative

EUR

French 10-y Bond Auction

 

Hi Impact

Thu Jun 6

8:15 a.m.

EUR

Main Refinancing Rate

 

Hi​​ Impact

Thu Jun 6

8:15 a.m.

EUR

Monetary Policy Statement

 

All TFs

Thu Jun 6

8:30 a.m.

CAD

Trade Balance

 

Monitor

Thu Jun 6

8:30 a.m.

USD

Unemployment Claims

 

All TFs

Thu Jun 6

8:30 a.m.

USD

Trade Balance

 

Hi Impact

Thu Jun 6

8:45 a.m.

EUR

ECB​​ Press Conference

 

Monitor

Thu Jun 6

10:30 a.m.

USD

Natural Gas Storage

 

Monitor

Thu Jun 6

Tentative

CNY

Trade Balance

 

Monitor

Thu Jun 6

Tentative

CNY

USD-Denominated Trade Balance

 

 

 

 

 

 

 

Under H4

Fri Jun 7

2:00 a.m.

GBP

Halifax HPI m/m

 

Under H4

Fri Jun 7

8:30 a.m.

CAD

Employment Change

 

Under H4

Fri Jun 7

8:30 a.m.

CAD

Unemployment Rate

 

Hi Impact

Fri Jun 7

8:30 a.m.

USD

Average Hourly Earnings m/m

 

Hi Impact

Fri Jun 7

8:30 a.m.

USD

Non-Farm Employment Change

 

Hi Impact

Fri Jun 7

8:30​​ a.m.

USD

Unemployment Rate

 

Hi Impact

Fri Jun 7

8:31 a.m.

USD

NFP Revision

 

 

 

 

 

 

 

N.A.

Sat Jun 8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


2nd​​ June 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

112

710

Suggested

Best Pairs

2

GBPUSD

61

613

3

GBPCHF

53

592

4

GBPAUD

87

581

5

EURJPY

91

579

6

USDJPY

89

567

7

GBPNZD

91

559

8

CHFJPY

85

543

9

AUDUSD

49

494

10

USDCHF

44

485

11

EURAUD

73

484

Less stressful?​​ 

12

EURNZD

77

470

Maybe less profitable,

13

EURUSD

46

460

maybe easier trades?

14

AUDJPY

71

452

 

15

CADJPY

70

444

 

16

GBPCAD

60

443

 

17

USDCAD

60

443

 

18

NZDUSD

42

417

​​ 

19

AUDCHF

37

407

​​ 

20

EURCHF

36

403

Poorer performers:

21

NZDJPY

63

397

Much less volatility &

22

NZDCHF

32

360

likely less profit from

23

EURCAD

47

344

these pairs based on

24

CADCHF

30

337

their past​​ performance

25

AUDCAD

43

315

 

26

EURGBP

25

314

 

27

NZDCAD

37

274

 

28

AUDNZD

36

222

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help​​ narrow the selection.
MAX Courses will teach you how to make this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 3rd​​ June

Tues 4

Wed 5

Thur 6

Fri 7

 

 

1st​​ 
Choices

GBPJPY or GBPUSD

GBPCHF or GBPAUD

CADJPY,​​ GBPCAD, ​​ USDCAD,​​ 
AUDUSD or GBPUSD

EURJPY or GBPUSD

GBPUSD,​​ 
AUDUSD or USDCHF

GBPCHF or GBPAUD

GBPNZD or CHFJPY

GBPAUD or USDJPY

GBPJPY or GBPCHF

GBPCHF or GBPAUD

 

2nd​​ 
Choices

EURJPY, USDJPY,​​ 
CADJPY,​​ 
GBPCAD or USDCAD

AUDUSD or USDCHF

GBPNZD or USDCHF

GBPAUD,​​ USDJPY, CADJPY, GBPCAD or USDCAD

CADJPY,​​ GBPCAD, USDCAD or GBPNZD

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider​​ monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers​​ allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURAUD

  • EURNZD

  • EURUSD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
2nd​​ June 2024


Last modified ​​ –​​ Possible BOJ Interventions​​ – (Added:  26th May 2024)​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor  - Possible ongoing BOJ​​ Interventions. (Added:  26th May 2024)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.channelnewsasia.com/business/japan-issues-fresh-warning-yen-drops-signals-readiness-intervene-4361826
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Mon 18th Mar 2024 )
 ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy ​​ (16 March 2024)  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for Recession mitigation​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or​​ Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading​​ partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor –​​ Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 


Impact of AI on workforce  ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)
 ​​ ​​​​ Monitor ​​ - IMF: likely​​ impact 60% of jobs in​​ advanced economies and 40% of jobs​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ around the world in the next two years,
​​ https://www.reuters.com/technology/artificial-intelligence-hitting-labour-forces-like-tsunami-imf-chief-2024-05-13/

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ –​​ Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of​​ CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible​​ aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 26th May 2024


Longer Term Issues​​ 

 
26th​​ May 2024


Last modified ​​ –​​ Possible BOJ Interventions​​ – (Added:  26th May 2024)​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor  - Possible ongoing BOJ​​ Interventions. (Added:  26th May 2024)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.channelnewsasia.com/business/japan-issues-fresh-warning-yen-drops-signals-readiness-intervene-4361826
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ BOJ Policy Rate now +0.1% from -0.1%​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Mon 18th Mar 2024 )
 ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy ​​​​ (16 March 2024) ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​​​  ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for​​ Recession mitigation​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 


Impact of AI on workforce  ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)
 ​​ ​​​​ Monitor ​​ - IMF: likely​​ impact 60% of jobs in​​ advanced economies and 40% of jobs​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ around the world in the next two years,
​​ https://www.reuters.com/technology/artificial-intelligence-hitting-labour-forces-like-tsunami-imf-chief-2024-05-13/

 

 

US Dollar losing primacy as Reserve​​ Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial​​ problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after​​ Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing​​ Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC –​​ Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for​​ stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 19th May 2024

 


MAX NewsWatch List


19th​​ May 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

N.A.

Sun May 19

 

 

 

 

.

 

 

 

 

 

Holiday

Mon May 20

All Day

CHF

Bank Holiday

 

Holiday

Mon May 20

All Day

EUR

French Bank Holiday

 

Holiday

Mon May 20

All Day

EUR

German Bank Holiday

 

Holiday

Mon May 20

All Day

CAD

Bank Holiday

 

Monitor

Mon May 20

9:30 p.m.

AUD

Monetary Policy Meeting Minutes

 

.

 

 

 

 

 

All TFs

Tue May 21

4:00 a.m.

EUR

Current Account

 

All TFs

Tue May 21

5:00 a.m.

EUR

Trade Balance

 

All TFs

Tue May 21

8:30 a.m.

CAD

CPI m/m

 

All TFs

Tue May 21

8:30 a.m.

CAD

Core CPI m/m

 

All TFs

Tue May 21

Tentative

NZD

GDT Price Index

 

All TFs

Tue May 21

7:50 p.m.

JPY

Trade Balance

 

Hi Impact

Tue May 21

10:00 p.m.

NZD

Official Cash Rate

 

Hi Impact

Tue May 21

10:00 p.m.

NZD

RBNZ Monetary Policy Statement

 

Hi Impact

Tue May 21

10:00 p.m.

NZD

RBNZ Rate Statement

 

Hi Impact

Tue May 21

11:00 p.m.

NZD

RBNZ Press Conference

 

.

 

 

 

 

 

Monitor

Wed May 22

2:00 a.m.

GBP

CPI y/y

 

Monitor

Wed May 22

2:00 a.m.

GBP

Core CPI y/y

 

Monitor

Wed May 22

Tentative

EUR

German 10-y Bond Auction

 

Monitor

Wed May 22

Tentative

EUR

German Buba Monthly Report

 

Monitor

Wed May 22

Tentative

GBP

Monetary Policy Report Hearings

 

Monitor

Wed May 22

10:00 a.m.

USD

Existing Home Sales

 

Monitor

Wed May 22

10:30 a.m.

USD

Crude Oil Inventories

 

Monitor

Wed May 22

4:10 p.m.

NZD

RBNZ Gov Orr Speaks

 

Under H4

Wed May 22

6:45 p.m.

NZD

Retail Sales q/q

 

Under H4

Wed May 22

6:45 p.m.

NZD

Core Retail Sales q/q

 

Monitor

Wed May 22

9:00 p.m.

AUD

MI Inflation Expectations

 

.

 

 

 

 

 

Monitor

Thu May 23

4:00 a.m.

EUR

Flash Manufacturing PMI

 

Monitor

Thu May 23

4:00 a.m.

EUR

Flash Services PMI

 

Monitor

Thu May 23

8:30 a.m.

USD

Unemployment Claims

 

Monitor

Thu May 23

9:45 a.m.

USD

Flash Manufacturing PMI

 

Monitor

Thu May 23

9:45 a.m.

USD

Flash Services PMI

 

Monitor

Thu May 23

10:00 a.m.

USD

New Home Sales

 

Monitor

Thu May 23

10:30 a.m.

USD

Natural Gas Storage

 

All TFs

Thu May 23

6:45 p.m.

NZD

Trade Balance

 

Monitor

Thu May 23

7:01 p.m.

GBP

GfK Consumer Confidence

 

Monitor

Thu May 23

7:30 p.m.

JPY

National Core CPI y/y

 

.

 

 

 

 

 

Under H4

Fri May 24

2:00 a.m.

GBP

Retail Sales m/m

 

Under H4

Fri May 24

8:30 a.m.

CAD

Core Retail Sales m/m

 

Under H4

Fri May 24

8:30 a.m.

CAD

Retail Sales m/m

 

Under H4

Fri May 24

8:30 a.m.

USD

Core Durable Goods Orders m/m

 

Under H4

Fri May 24

8:30 a.m.

USD

Durable Goods Orders m/m

 

.

 

 

 

 

 

N.A.

Sat May 25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.


“Top Pairs” Lists


19th May 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

209

1344

Suggested

Best Pairs

2

USDJPY

166

1068

3

EURJPY

165

1058

4

CHFJPY

146

935

5

GBPUSD

74

744

6

CADJPY

115

741

7

AUDJPY

109

703

8

GBPNZD

114

697

9

GBPAUD

102

685

10

GBPCHF

61

670

11

NZDJPY

97

622

Less stressful?​​ 

12

USDCHF

52

577

Maybe less profitable,

13

EURAUD

86

576

maybe easier trades?

14

EURNZD

92

562

 

15

GBPCAD

75

549

 

 

16

EURUSD

55

545

 

17

AUDUSD

54

537

 

 

18

NZDUSD

49

487

 

19

USDCAD

65

475

​​ 

20

EURCHF

39

432

​​ 

21

AUDCHF

37

401

​​ 

22

EURCAD

54

398

Poorer performers:

23

AUDCAD

48

355

Much less volatility &

24

CADCHF

32

352

likely less profit from

25

NZDCHF

32

352

these pairs based on

26

EURGBP

26

329

their past performance

27

NZDCAD

44

327

 

28

AUDNZD

38

235

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the selection.
MAX Courses will teach you how to make​​ this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 20th​​ May

Tues 21

Wed 22

Thur 23

Fri 24

 

 

1st​​ 
Choices

GBPJPY or USDJPY

EURJPY or CADJPY

GBPNZD or GBPJPY

GBPNZD or GBPJPY

GBPUSD or GBPNZD

EURJPY or CHFJPY

GBPNZD or GBPJPY

USDJPY or EURJPY

USDJPY or EURJPY

GBPJPY or​​ CADJPY

 

2nd​​ 
Choices

GBPUSD or CADJPY

USDJPY or CHFJPY

CHFJPY or CADJPY

CHFJPY or GBPUSD

GBPAUD or GBPCHF

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • NZDJPY

  • USDCHF

  • EURAUD

  • EURNZD

  • GBPCAD

  • EURUSD

  • AUDUSD

  • NZDUSD

  • USDCAD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 

.


Longer Term Issues​​ 

 
19th​​ May 2024


Last modified ​​ –​​ Impact of AI on workforce ​​ ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor – ​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely​​ monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or​​ Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ -​​ esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 


Impact of AI on workforce  ​​ ​​ ​​ ​​ ​​​​ – (Added:  17h May 2024)
 ​​ ​​​​ Monitor ​​ - IMF: likely​​ impact 60% of jobs in advanced economies and 40% of jobs​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ around the world in the next two years,
​​ https://www.reuters.com/technology/artificial-intelligence-hitting-labour-forces-like-tsunami-imf-chief-2024-05-13/

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan​​ instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July​​ 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated​​ by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB​​ outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM,​​ could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 –​​ Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

.

Archive - 12th May 2024

 


MAX NewsWatch List


12th​​ May 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

Monitor

Sun May 12

9:30 p.m.

AUD

NAB Business Confidence

 

Monitor

Sun May 12

11:00 p.m.

NZD

Inflation Expectations q/q

 

 

 

 

 

 

 

Monitor

Mon May 13

Tentative

CNY

M2 Money Supply y/y

 

Monitor

Mon May 13

Tentative

CNY

New Loans

 

Monitor

Mon May 13

Tentative

EUR

EU Economic Forecasts

 

Monitor

Mon May 13

All Day

EUR

Eurogroup Meetings

 

N A​​ 

Mon May 13

6:45 p.m.

NZD

Visitor Arrivals m/m

 

 

 

 

 

 

 

Monitor

Tue May 14

2:00 a.m.

EUR

German Final CPI m/m

 

Monitor

Tue May 14

2:00​​ a.m.

GBP

Average Earnings Index 3m/y

 

Monitor

Tue May 14

2:30 a.m.

CHF

PPI m/m

 

Under H4

Tue May 14

5:00 a.m.

EUR

German ZEW Economic Sentiment

 

Under H4

Tue May 14

5:00 a.m.

EUR

ZEW Economic Sentiment

 

Monitor

Tue May 14

All Day

EUR

ECOFIN​​ Meetings

 

Under H4

Tue May 14

8:30 a.m.

CAD

Wholesale Sales m/m

 

Monitor

Tue May 14

8:30 a.m.

USD

Core PPI m/m

 

Monitor

Tue May 14

8:30 a.m.

USD

PPI m/m

 

 

 

 

 

 

 

All TFs

Wed May 15

5:00 a.m.

EUR

Flash GDP q/q

 

Under H4

Wed May 15

5:00 a.m.

EUR

Industrial Production m/m

 

Monitor

Wed May 15

Tentative

GBP

10-y Bond Auction

 

Monitor

Wed May 15

Tentative

EUR

German 30-y Bond Auction

 

Monitor

Wed May 15

8:15 a.m.

CAD

Housing Starts

 

Under H4

Wed May 15

8:30 a.m.

CAD

Manufacturing Sales m/m

 

All TFs

Wed May 15

8:30 a.m.

USD

Core CPI m/m

 

Under H4

Wed May 15

8:30 a.m.

USD

Core Retail Sales m/m

 

All TFs

Wed May 15

8:30 a.m.

USD

CPI m/m

 

Monitor

Wed May 15

8:30 a.m.

USD

CPI y/y

 

Under H4

Wed May 15

8:30 a.m.

USD

Retail Sales m/m

 

Monitor

Wed May 15

10:30 a.m.

USD

Crude Oil Inventories

 

Monitor

Wed May 15

7:50 p.m.

JPY

Prelim GDP q/q

 

Monitor

Wed May 15

7:50 p.m.

JPY

Prelim GDP Price Index y/y

 

Under H4

Wed May 15

9:30 p.m.

AUD

Employment Change

 

Under H4

Wed May 15

9:30​​ p.m.

AUD

Unemployment Rate

 

 

 

 

 

 

 

Monitor

Thu May 16

4:00 a.m.

EUR

ECB Financial Stability Review

 

Monitor

Thu May 16

8:30 a.m.

USD

Unemployment Claims

 

Under H4

Thu May 16

8:30 a.m.

USD

Philly Fed Manufacturing Index

 

Monitor

Thu May 16

8:30 a.m.

USD

Housing Starts

 

Under H4

Thu May 16

9:15 a.m.

USD

Industrial Production m/m

 

Monitor

Thu May 16

10:30 a.m.

USD

Natural Gas Storage

 

 

 

 

 

 

 

Monitor

Fri May 17

5:00 a.m.

EUR

Final Core CPI y/y

 

Monitor

Fri May 17

5:00 a.m.

EUR

Final CPI y/y

 

 

 

 

 

 

 

N.A.

Sat May 18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


12th May 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

210

1349

Suggested

Best Pairs

2

EURJPY

165

1061

3

USDJPY

156

1004

4

CHFJPY

150

963

5

CADJPY

117

753

6

GBPAUD

114

751

7

GBPUSD

73

734

8

GBPNZD

121

730

9

AUDJPY

110

709

10

GBPCHF

64

703

11

NZDJPY

97

624

Less stressful?​​ 

12

EURAUD

90

593

Maybe less profitable,

13

GBPCAD

80

584

maybe easier trades?

14

USDCHF

53

580

 

15

EURNZD

96

579

 

 

16

EURUSD

56

559

 

17

AUDUSD

53

527

 

 

18

USDCAD

69

504

 

19

EURCHF

45

496

​​ 

20

NZDUSD

47

473

​​ 

21

AUDCHF

41

448

​​ 

22

EURCAD

57

417

Poorer performers:

23

CADCHF

36

401

Much less volatility &

24

NZDCHF

34

379

likely less profit from

25

EURGBP

29

368

these pairs based on

26

AUDCAD

46

339

their past performance

27

NZDCAD

44

323

 

28

AUDNZD

39

232

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the selection.
MAX Courses will teach you how to make​​ this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon​​ 13th​​ May

Tues​​ 14

Wed​​ 15

Thur​​ 16

Fri​​ 17

 

 

1st​​ 
Choices

GBPJPY or EURJPY

EURJPY or CADJPY

EURJPY or USDJPY

USDJPY or GBPAUD

GBPJPY or EURJPY

USDJPY or CHFJPY

GBPJPY or USDJPY

CADJPY or GBPUSD

GBPUSD or AUDJPY

USDJPY or CHFJPY

 

2nd​​ 
Choices

CADJPY or GBPAUD

CHFJPY or GBPAUD

GBPJPY or CHFJPY

GBPJPY or EURJPY

CADJPY or GBPAUD

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • NZDJPY

  • EURAUD

  • GBPCAD

  • USDCHF

  • EURNZD

  • EURUSD

  • AUDUSD

  • USDCAD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
12th​​ May 2024


Last modified ​​ –​​ US-Iran –​​ Monitor – War or Retaliation - Tensions Escalate – 21st​​ April 2024  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor – ​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely​​ monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or​​ Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ -​​ esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan​​ instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July​​ 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated​​ by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB​​ outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM,​​ could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 –​​ Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 5th May 2024

 


MAX NewsWatch List


5th​​ May 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

 

Impact

Date

Time

Cur.

News​​ Event

 

 

 

 

 

 

 

 

Holiday

Sun May 5

All Day

JPY

Bank Holiday Greenery & Children

 

 

Monitor

Sun May 5

9:00 p.m.

AUD

MI Inflation Gauge m/m

 

 

Monitor

Sun May 5

9:45 p.m.

CNY

Caixin Services PMI

 

 

 

 

 

 

 

 

 

Holiday

Mon May 6

All Day

GBP

Bank Holiday - Early MAY​​ Bank day

 

 

 

 

 

 

 

 

 

Hi Impact

Tue May 7

12:30 a.m.

AUD

Cash Rate

 

 

Hi Impact

Tue May 7

12:30 a.m.

AUD

RBA Monetary Policy Statement

 

 

Hi Impact

Tue May 7

12:30 a.m.

AUD

RBA Rate Statement

 

 

Hi Impact

Tue May 7

1:30 a.m.

AUD

RBA Press Conference

 

 

Under H4

Tue May 7

2:00 a.m.

GBP

Halifax HPI m/m

 

 

Under H4

Tue May 7

4:30 a.m.

GBP

Construction PMI

 

 

All TFs

Tue May 7

Tentative

NZD

GDT Price Index

 

 

Monitor

Tue May 7

3:30 p.m.

CAD

Gov Council Member Rogers Speaks

 

 

Monitor

Tue May 7

11:35 p.m.

JPY

10-y​​ Bond Auction

 

 

 

 

 

 

 

 

 

Holiday

Wed May 8

All Day

EUR

French Bank Holiday- Victory Day

 

 

Monitor

Wed May 8

Tentative

GBP

30-y Bond Auction

 

 

Monitor

Wed May 8

10:30 a.m.

USD

Crude Oil Inventories

 

 

Monitor

Wed May 8

1:01 p.m.

USD

10-y Bond Auction

 

 

Monitor

Wed May 8

7:50 p.m.

JPY

BOJ Summary of Opinions

 

 

Monitor

Wed May 8

Tentative

CNY

Trade Balance

 

 

Monitor

Wed May 8

Tentative

CNY

USD-Denominated Trade Balance

 

 

 

 

 

 

 

 

 

Holiday

Thu May 9

All Day

CHF

Bank Holiday - Ascension Day

 

 

Holiday

Thu May 9

All Day

EUR

French Bank Holiday- Ascension Day

 

 

Holiday

Thu May 9

All Day

EUR

German Bank Holiday- Ascension Day

 

 

Monitor

Thu May 9

9th-15th

CNY

M2 Money Supply y/y

 

 

Monitor

Thu May 9

9th-15th

CNY

New Loans

 

 

Hi Impact

Thu May 9

7:00 a.m.

GBP

BOE​​ Monetary Policy Report

 

 

Hi Impact

Thu May 9

7:00 a.m.

GBP

Monetary Policy Summary

 

 

Hi Impact

Thu May 9

7:00 a.m.

GBP

MPC Official Bank Rate Votes

 

 

Hi Impact

Thu May 9

7:00 a.m.

GBP

Official Bank Rate

 

 

Hi Impact

Thu May 9

7:30 a.m.

GBP

BOE Gov Bailey Speaks

Unemployment Claims

 

Monitor

Thu May 9

8:30 a.m.

USD

Unemployment Claims

 

 

Monitor

Thu May 9

10:00 a.m.

CAD

BOC Financial System Review

 

 

Monitor

Thu May 9

10:30 a.m.

USD

Natural Gas Storage

 

 

Monitor

Thu May 9

1:01 p.m.

USD

30-y Bond Auction

 

 

All TFs

Thu May 9

7:50 p.m.

JPY

Current Account

 

 

Monitor

Thu May 9

11:35 p.m.

JPY

30-y Bond Auction

 

 

 

 

 

 

 

 

 

Monitor

Fri May 10

1:00 a.m.

JPY

Economy Watchers Sentiment

 

 

All TFs

Fri May 10

2:00 a.m.

GBP

GDP m/m

 

 

All TFs

Fri May 10

2:00 a.m.

GBP

Prelim GDP q/q

 

 

Under H4

Fri May 10

2:00 a.m.

GBP

Industrial Production m/m

 

 

Under H4

Fri May 10

2:00 a.m.

GBP

Manufacturing Production m/m

 

 

Monitor

Fri May 10

7:30 a.m.

EUR

ECB Monetary Policy Meeting Acct.

 

 

Monitor

Fri May 10

Tentative

GBP

NIESR GDP Estimate

 

 

Under H4

Fri May 10

8:30 a.m.

CAD

Employment Change

 

 

Under H4

Fri May 10

8:30 a.m.

CAD

Unemployment Rate

 

 

Under H4

Fri May 10

10:00 a.m.

USD

Prelim UoM Consumer Sentiment

 

 

Under H4

Fri May 10

10:00 a.m.

USD

Prelim UoM Inflation Expectations

 

 

Monitor

Fri May 10

2:00 p.m.

USD

Federal Budget Balance

 

 

Monitor

Fri May 10

9:30 p.m.

CNY

CPI y/y

 

 

Monitor

Fri May 10

9:30 p.m.

CNY

PPI y/y

 

 

 

 

 

 

 

 

 

N.A.

Sat May 11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


5th May 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

216

1411

Suggested

Best Pairs

2

EURJPY

170

1109

3

USDJPY

153

999

4

CHFJPY

152

993

5

GBPUSD

84

839

6

GBPAUD

120

791

7

GBPCHF

71

782

8

AUDJPY

118

772

9

GBPNZD

126

758

10

CADJPY

115

754

11

NZDJPY

105

687

Less stressful?​​ 

12

USDCHF

61

674

Maybe less profitable,

13

EURAUD

100

660

maybe easier trades?

14

EURUSD

65

655

 

15

EURNZD

106

637

 

 

16

AUDUSD

61

606

 

17

GBPCAD

82

596

 

 

18

EURCHF

53

586

 

19

NZDUSD

55

549

​​ 

20

USDCAD

75

547

​​ 

21

AUDCHF

45

499

​​ 

22

NZDCHF

40

437

Poorer performers:

23

CADCHF

39

434

Much less volatility &

24

EURCAD

58

423

likely less profit from

25

AUDCAD

51

376

these pairs based on

26

EURGBP

29

359

their past performance

27

NZDCAD

49

356

 

28

AUDNZD

38

230

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the​​ selection.
MAX Courses will teach you how to make this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 6th​​ May

Tues 7

Wed 8

Thur 9

Fri 10

 

 

1st​​ 
Choices

GBPJPY or EURJPY

GBPAUD or AUDJPY

GBPNZD or​​ 
GBPJPY

GBPJPY or GBPUSD

GBPJPY or USDJPY

USDJPY or CHFJPY

GBPNZD or GBPJPY

EURJPY or USDJPY

GBPAUD or GBPCHF

GBPUSD or CADJPY

 

2nd​​ 
Choices

GBPUSD or GBPAUD

GBPUSD or GBPCHF

CHFJPY or​​ ​​ GBPUSD

GBPNZD or EURJPY

EURJPY, CHFJPY or GBPAUD

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but​​ possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • NZDJPY

  • USDCHF

  • EURAUD

  • EURUSD

  • EURNZD

  • AUDUSD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
5th​​ May 2024


Last modified ​​ –​​ US-Iran –​​ Monitor – War or Retaliation - Tensions Escalate – 21st​​ April 2024  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor – ​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely​​ monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or​​ Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ -​​ esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan​​ instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July​​ 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated​​ by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB​​ outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM,​​ could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 –​​ Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 28th April 2024

 


MAX NewsWatch List


28th​​ April 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

 

 

Holiday

Sun Apr 28

All Day

JPY

Bank Holiday

 

 

 

 

 

 

 

 

 

Monitor

Mon Apr 29

All Day

EUR

German Prelim CPI m/m

 

 

Monitor

Mon Apr 29

Tentative

EUR

Italian 10-y Bond Auction

 

 

Monitor

Mon Apr 29

9:00 p.m.

NZD

ANZ Business​​ Confidence

 

 

Monitor

Mon Apr 29

9:30 p.m.

AUD

Retail Sales m/m

 

 

Monitor

Mon Apr 29

9:30 p.m.

CNY

Manufacturing PMI

 

 

Monitor

Mon Apr 29

9:30 p.m.

CNY

Non-Manufacturing PMI

 

 

Monitor

Mon Apr 29

9:45 p.m.

CNY

Caixin Manufacturing PMI

 

 

 

 

 

 

 

 

 

Monitor

Tue Apr 30

3:00 a.m.

CHF

KOF Economic Barometer

 

 

Monitor

Tue Apr 30

4:00 a.m.

EUR

German Prelim GDP q/q

 

 

Monitor

Tue Apr 30

5:00 a.m.

EUR

Core CPI Flash Estimate y/y

 

 

Monitor

Tue Apr 30

5:00 a.m.

EUR

CPI Flash Estimate y/y

 

 

Monitor

Tue​​ Apr 30

5:00 a.m.

EUR

Prelim Flash GDP q/q

 

 

All TFs

Tue Apr 30

8:30 a.m.

CAD

GDP m/m

 

 

Under H4

Tue Apr 30

9:45 a.m.

USD

Chicago PMI

 

 

All TFs

Tue Apr 30

10:00 a.m.

USD

CB Consumer Confidence

 

 

Monitor

Tue Apr 30

5:00 p.m.

NZD

RBNZ Financial​​ Stability Report

 

 

Monitor

Tue Apr 30

6:45 p.m.

NZD

Employment Change q/q

 

 

Monitor

Tue Apr 30

6:45 p.m.

NZD

Unemployment Rate

 

 

Holiday

Tue Apr 30

All Day

CNY

Bank Holiday

 

 

 

 

 

 

 

 

 EUR Holiday:
​​ The European Central Bank's​​ Trans-European​​ Automated​​ Real-time​​ Gross Settlement​​ Express​​ Transfer (TARGET) system will be closed for this holiday,​​ which tends to have a substantial impact on liquidity. ​​ ​​ ​​​​ ​​ Expect more volatility.

 

Holiday

Wed May 1

All Day

CHF

Bank Holiday

 

 

Under H4

Wed May 1

2:00 a.m.

GBP

Nationwide HPI m/m

 

 

Holiday

Wed May 1

All Day

EUR

French Bank Holiday

 

 

Holiday

Wed May 1

All Day

EUR

German Bank Holiday

 

 

Holiday

Wed May 1

All Day

EUR

Italian Bank Holiday

 

 

Monitor

Wed May 1

2:30 a.m.

AUD

Commodity Prices y/y

 

 

Monitor

Wed May 1

Tentative

GBP

10-y Bond Auction

 

 

Under H4

Wed May 1

8:15 a.m.

USD

ADP Non-Farm Employment Change

 

 

Under H4

Wed May 1

9:30 a.m.

CAD

Manufacturing PMI

 

 

Monitor

Wed May 1

10:00 a.m.

USD

ISM Manufacturing PMI

 

 

Monitor

Wed May 1

10:00 a.m.

USD

ISM Manufacturing Prices

 

 

Monitor

Wed May 1

10:30 a.m.

USD

Crude Oil Inventories

 

 

Hi Impact

Wed May 1

2:00 p.m.

USD

Federal Funds Rate

 

 

Hi Impact

Wed May 1

2:00 p.m.

USD

FOMC Statement

 

 

Hi Impact

Wed May 1

2:30 p.m.

USD

FOMC​​ Press Conference

 

 

Monitor

Wed May 1

4:15 p.m.

CAD

BOC Gov Macklem Speaks/Testify

 

 

Monitor

Wed May 1

7:50 p.m.

JPY

Monetary Policy Meeting Minutes

 

 

Holiday

Wed May 1

All Day

CNY

Bank Holiday

 

 

 

 

 

 

 

 

 

Monitor

Thu May 2

1:00 a.m.

JPY

Consumer​​ Confidence

 

 

All TFs

Thu May 2

2:30 a.m.

CHF

CPI m/m

 

 

Monitor

Thu May 2

Tentative

EUR

French 10-y Bond Auction

 

 

All TFs

Thu May 2

8:30 a.m.

CAD

Trade Balance

 

 

Monitor

Thu May 2

8:30 a.m.

USD

Unemployment Claims

 

 

All TFs

Thu May 2

8:30 a.m.

USD

Trade Balance

 

 

Monitor

Thu May 2

8:45 a.m.

CAD

BOC Gov Macklem Speaks/Testify

 

 

Monitor

Thu May 2

10:30 a.m.

USD

Natural Gas Storage

 

 

Holiday

Thu May 2

All Day

JPY

Bank Holiday

 

 

Holiday

Thu May 2

All Day

CNY

Bank Holiday

 

 

.

 

 

 

 

 

 

Monitor

Fri​​ May 3

5:00 a.m.

EUR

Unemployment Rate

 

 

Hi Impact

Fri May 3

8:30 a.m.

USD

Average Hourly Earnings m/m

 

 

Hi Impact

Fri May 3

8:30 a.m.

USD

Non-Farm Employment Change

 

 

Hi Impact

Fri May 3

8:30 a.m.

USD

Unemployment Rate

 

 

Hi Impact

Fri May 3

8:32​​ a.m.

USD

NFP Revision

 

 

Monitor

Fri May 3

10:00 a.m.

USD

ISM Services PMI

 

 

 

 

 

 

 

 

 

NA

Sat May 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


28th​​ April 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

148

936

Suggested

Best Pairs

2

GBPUSD

82

821

3

GBPCHF

69

755

4

EURJPY

113

716

5

GBPAUD

105

686

6

CHFJPY

103

648

7

EURUSD

63

634

8

GBPNZD

102

607

9

USDCHF

55

606

10

GBPCAD

80

584

11

EURCHF

53

579

Less stressful?​​ 

12

EURAUD

89

579

Maybe less profitable,

13

AUDJPY

89

564

maybe easier trades?

14

AUDUSD

55

555

 

15

USDCAD

73

535

 

 

16

EURNZD

88

524

 

17

USDJPY

81

510

 

 

18

AUDCHF

45

494

 

19

NZDUSD

49

488

​​ 

20

CADJPY

76

483

​​ 

21

NZDJPY

76

478

​​ 

22

CADCHF

40

432

Poorer performers:

23

NZDCHF

39

431

Much less volatility &

24

EURCAD

56

410

likely less profit from

25

AUDCAD

49

358

these pairs based on

26

EURGBP

28

349

their past performance

27

NZDCAD

43

315

 

28

AUDNZD

37

218

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the selection.
MAX Courses will teach you how to make​​ this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 29th ​​ ​​ ​​​​ April

Tues 30

Wed 1st​​ May

Thur 2

Fri 3

 

 

1st​​ 
Choices

GBPJPY or GBPUSD

GBPUSD or EURUSD

GBPUSD or EURUSD

USDCHF or GBPUSD​​ 

GBPUSD,​​ 
EURUSD or USDCHF

GBPCHF or EURJPY

USDCHF or GBPCAD

USDCHF or GBPCAD

GBPCHF or CHFJPY​​ 

GBPJPY or GBPCHF

 

2nd​​ 
Choices

GBPAUD or CHFJPY

GBPJPY or GBPCHF

GBPJPY, GBPCHF or GBPAUD, GBPNZD

EURUSD​​ or GBPCAD

EURJPY or GBPAUD

 

 

 

 

Smooth Movers


These​​ pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURCHF

  • EURAUD

  • AUDJPY

  • AUDUSD

  • USDCAD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
28th April 2024


Last modified ​​ –​​ US-Iran –​​ Monitor – War or Retaliation - Tensions Escalate – 21st​​ April 2024  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan –​​ Monitor – ​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or Retaliation - Tensions Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3 Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US​​ economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan​​ instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB​​  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying​​ military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
–​​ Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of terrorism on production​​ has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked​​ causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 21st April 2024

 


MAX NewsWatch List


21st​​ April 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

N.A.

Sun Apr 21

 

 

 

 

 

 

 

 

 

 

N.A.

Mon Apr 22

 

 

 

 

 

 

 

 

 

 

Monitor

Tue Apr 23

4:00 a.m.

EUR

Flash Manufacturing PMI

 

Monitor

Tue Apr 23

4:00 a.m.

EUR

Flash Services PMI

 

Monitor

Tue Apr 23

9:45 a.m.

USD

Flash Manufacturing PMI

 

Monitor

Tue Apr 23

9:45 a.m.

USD

Flash Services PMI

 

Monitor

Tue Apr 23

10:00 a.m.

USD

New Home Sales

 

All TFs

Tue Apr 23

6:45 p.m.

NZD

Trade Balance

 

All TFs

Tue Apr 23

9:30 p.m.

AUD

CPI q/q

 

All TFs

Tue Apr 23

9:30 p.m.

AUD

Trimmed Mean CPI q/q

 

 

 

 

 

 

 

Monitor

Wed Apr 24

4:00 a.m.

CHF

Credit Suisse Economic Expectations

 

Monitor

Wed Apr 24

4:00 a.m.

EUR

German ifo Business Climate

 

Monitor

Wed Apr 24

Tentative

EUR

German 10-y Bond Auction

 

Under H4

Wed Apr 24

8:30 a.m.

CAD

Core Retail Sales m/m

 

Under H4

Wed Apr 24

8:30 a.m.

CAD

Retail Sales m/m

 

Under H4

Wed Apr 24

8:30 a.m.

USD

Core Durable Goods Orders m/m

 

Under H4

Wed Apr 24

8:30 a.m.

USD

Durable Goods Orders m/m

 

Monitor

Wed Apr 24

10:30 a.m.

USD

Crude Oil Inventories

 

Monitor

Wed Apr 24

1:30 p.m.

CAD

BOC Summary of Deliberations

 

Holiday

Wed Apr 24

All Day

NZD

Bank Holiday

 

Holiday

Wed Apr 24

All Day

AUD

Bank Holiday

 

 

 

 

 

 

 

Monitor

Thu Apr 25

2:00 a.m.

EUR

German GfK Consumer Climate

 

Holiday

Thu Apr 25

All Day

EUR

Italian Bank Holiday

 

Monitor

Thu Apr 25

4:00 a.m.

EUR

ECB Economic Bulletin

 

All TFs

Thu Apr 25

8:30 a.m.

USD

Advance GDP q/q

 

Monitor

Thu Apr 25

8:30 a.m.

USD

Unemployment Claims

 

All TFs

Thu Apr 25

8:30 a.m.

USD

Advance GDP Price Index q/q

 

Monitor

Thu Apr 25

10:30 a.m.

USD

Natural Gas Storage

 

Monitor

Thu Apr 25

7:01 p.m.

GBP

GfK Consumer Confidence

 

Monitor

Thu Apr 25

7:30 p.m.

JPY

Tokyo Core CPI y/y

 

Hi Impact

Thu Apr 25

Tentative

JPY

BOJ Policy Rate

 

Hi Impact

Thu Apr 25

Tentative

JPY

Monetary Policy Statement

 

Hi Impact

Thu Apr 25

Tentative

JPY

BOJ Outlook Report

 

 

 

 

 

 

 

Hi Impact

Fri Apr 26

Tentative

JPY

BOJ Press Conference

 

All TFs

Fri Apr 26

4:00 a.m.

EUR

M3 Money Supply y/y

 

All TFs

Fri Apr 26

8:30 a.m.

USD

Core PCE Price Index m/m

 

 

 

 

 

 

 

N.A.

Sat Apr 27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


21st​​ April 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

117

759

Suggested

Best Pairs

2

GBPCHF

66

730

3

GBPUSD

73

728

4

EURJPY

97

629

5

GBPAUD

98

628

6

CHFJPY

96

623

7

EURCHF

56

620

8

USDCHF

56

612

9

EURUSD

58

585

10

GBPNZD

96

566

11

AUDUSD

53

534

Less stressful?​​ 

12

EURAUD

82

528

Maybe less profitable,

13

GBPCAD

71

519

maybe easier trades?

14

AUDJPY

77

501

 

15

EURNZD

85

499

 

 

16

AUDCHF

45

499

 

17

USDCAD

68

496

 

 

18

NZDUSD

46

464

 

19

NZDCHF

41

448

​​ 

20

USDJPY

68

437

​​ 

21

CADCHF

40

436

​​ 

22

NZDJPY

67

432

Poorer performers:

23

CADJPY

66

426

Much less volatility &

24

EURCAD

56

408

likely less profit from

25

AUDCAD

48

346

these pairs based on

26

NZDCAD

44

320

their past performance

27

EURGBP

26

317

 

28

AUDNZD

33

196

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the selection.
MAX Courses will teach you how to make​​ this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 22nd ​​ ​​​​ April

Tues 23

Wed 24

Thur 25

Fri 26

 

 

1st​​ 
Choices

GBPJPY or GBPCHF

GBPJPY or GBPCHF

GBPUSD or GBPAUD

GBPUSD or USDCHF

EURJPY or GBPJPY

GBPUSD or EURJPY

GBPUSD or EURJPY

GBPCAD,​​ USDCHF or EURUSD

EURUSD or GBPJPY

CHFJPY or EURUSD​​ 

 

2nd​​ 
Choices

GBPAUD or CHFJPY

GBPAUD or CHFJPY

GBPNZD or GBPJPY

GBPCHF or GBPUSD

GBPUSD, EURCHF or USDCHF

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EAUDUSD

  • EURAUD

  • GBPCAD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
21st​​ April 2024


Last modified ​​ –​​ US-Iran –​​ Monitor – War or Retaliation - Tensions Escalate​​ –​​ 21st​​ April​​ 2024  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan – Monitor – ​​​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

US-Iran – Monitor – War or Retaliation - Tensions​​ Escalate

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3​​ Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis​​ threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise​​ Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the​​ analysis re US economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding​​ Roubles or Yuan instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB​​  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated​​ by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB​​ outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM,​​ could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 –​​ Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 14th April 2024

 


MAX NewsWatch List


14th​​ April 2024

Market Open Times​​ (NY Time): 
Tokyo 8pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play
All Times are in New York Time

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

N A​​ 

Sun Apr 14

6:45 p.m.

NZD

Visitor Arrivals m/m

 

 

 

 

 

 

 

Monitor

Mon Apr 15

2:30 a.m.

CHF

PPI m/m

 

Under H4

Mon Apr 15

5:00 a.m.

EUR

Industrial Production m/m

 

Monitor

Mon Apr 15

8:15 a.m.

CAD

Housing Starts

 

Under H4

Mon Apr 15

8:30 a.m.

CAD

Manufacturing Sales m/m

 

Under H4

Mon Apr 15

8:30 a.m.

CAD

Wholesale Sales m/m

 

Under H4

Mon Apr 15

8:30 a.m.

USD

Core Retail Sales m/m

 

Under H4

Mon Apr 15

8:30 a.m.

USD

Retail Sales m/m

 

Monitor

Mon Apr 15

Day 1

All

IMF Meetings

 

Monitor

Mon Apr 15

10:00 p.m.

CNY

GDP q/y

 

 

 

 

 

 

 

Monitor

Tue Apr 16

2:00 a.m.

GBP

Average Earnings Index 3m/y

 

All TFs

Tue Apr 16

5:00 a.m.

EUR

Trade Balance

 

Under H4

Tue Apr 16

5:00 a.m.

EUR

German ZEW Economic Sentiment

 

Under H4

Tue Apr 16

5:00 a.m.

EUR

ZEW Economic Sentiment

 

All TFs

Tue Apr 16

8:30 a.m.

CAD

CPI m/m

 

All TFs

Tue Apr 16

8:30 a.m.

CAD

Core CPI m/m

 

Monitor

Tue Apr 16

8:30 a.m.

USD

Housing Starts

 

Under H4

Tue Apr 16

9:15 a.m.

USD

Industrial Production m/m

 

Monitor

Tue Apr 16

Day 2

All

IMF Meetings

 

All TFs

Tue Apr 16

Tentative

NZD

GDT Price Index

 

Monitor

Tue Apr 16

Tentative

CAD

Annual Budget Release

 

All TFs

Tue Apr 16

6:45 p.m.

NZD

CPI q/q

 

All TFs

Tue Apr 16

7:50 p.m.

JPY

Trade Balance

 

Monitor

Tue Apr 16

8:30 p.m.

AUD

MI Leading Index m/m

 

 

 

 

 

 

 

Monitor

Wed Apr 17

2:00 a.m.

GBP

CPI y/y

 

Monitor

Wed Apr 17

2:00 a.m.

GBP

Core CPI y/y

 

Monitor

Wed Apr 17

5:00 a.m.

EUR

Final Core CPI y/y

 

Monitor

Wed Apr 17

5:00 a.m.

EUR

Final CPI y/y

 

Monitor

Wed Apr 17

Tentative

EUR

German 30-y Bond Auction

 

Monitor

Wed Apr 17

Day 3

All

IMF Meetings

 

Monitor

Wed Apr 17

10:30 a.m.

USD

Crude Oil Inventories

 

Monitor

Wed Apr 17

2:00 p.m.

USD

Beige Book

 

Under H4

Wed Apr 17

9:30 p.m.

AUD

Employment Change

 

Under H4

Wed Apr 17

9:30 p.m.

AUD

Unemployment Rate

 

Monitor

Wed Apr 17

9:30 p.m.

AUD

RBA Bulletin

 

 

 

 

 

 

 

All TFs

Thu Apr 18

2:00 a.m.

CHF

Trade Balance

 

All TFs

Thu Apr 18

4:00 a.m.

EUR

Current Account

 

Monitor

Thu Apr 18

Tentative

EUR

Spanish 10-y Bond Auction

 

Monitor

Thu Apr 18

6:00 a.m.

EUR

German Buba Monthly Report

 

Monitor

Thu Apr 18

8:30 a.m.

USD

Unemployment Claims

 

Under H4

Thu Apr 18

8:30 a.m.

USD

Philly Fed Manufacturing Index

 

Monitor

Thu Apr 18

10:00 a.m.

USD

Existing Home Sales

 

Monitor

Thu Apr 18

Day 4

All

IMF Meetings

 

Monitor

Thu Apr 18

10:30 a.m.

USD

Natural Gas Storage

 

Monitor

Thu Apr 18

7:30 p.m.

JPY

National Core CPI y/y

 

 

 

 

 

 

 

Under H4

Fri Apr 19

2:00 a.m.

GBP

Retail Sales m/m

 

Monitor

Fri Apr 19

Day 5

All

IMF Meetings

 

 

 

 

 

 

 

Monitor

Sat Apr 20

Day 6

All

IMF Meetings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


14th​​ April 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the​​ most,​​ 
as they are more likely to move this week.

 

Order

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

Comment 

1

GBPJPY

117

773

Suggested

Best Pairs

2

CHFJPY

111

729

3

GBPUSD

69

688

4

GBPCHF

61

680

5

EURJPY

100

660

6

USDCHF

54

599

7

GBPAUD

88

579

8

USDJPY

83

547

9

EURCHF

49

546

10

GBPNZD

89

537

11

EURUSD

53

528

Less stressful?​​ 

12

GBPCAD

67

490

Maybe less profitable,

13

AUDUSD

48

479

maybe easier trades?

14

USDCAD

65

476

 

15

AUDJPY

71

465

 

 

16

EURAUD

70

463

 

17

AUDCHF

41

460

 

 

18

CADJPY

67

441

 

19

EURNZD

73

440

​​ 

20

CADCHF

38

426

​​ 

21

NZDUSD

42

424

​​ 

22

NZDCHF

37

409

Poorer performers:

23

EURCAD

54

395

Much less volatility &

24

NZDJPY

58

381

likely less profit from

25

EURGBP

25

316

these pairs based on

26

AUDCAD

41

305

their past performance

27

NZDCAD

40

292

 

28

AUDNZD

33

201

 

#E5F8FF

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the​​ selection.
MAX Courses will teach you how to make this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon​​ 15th ​​​​ April

Tues​​ 16

Wed​​ 17

Thur 18

Fri 19

 

 

1st​​ 
Choices

GBPUSD or EURJPY

GBPUSD or EURJPY

GBPJPY or CHFJPY

EURCHF or CHFJPY

GBPJPY or GBPUSD

GBPCAD, USDCHF or USDJPY

GBPCAD, USDCHF or USDJPY

EURJPY or USDJPY

GBPUSD or EURJPY

GBPCHF or GBPAUD

 

2nd​​ 
Choices

EURCHF or GBPJPY

EURCHF or GBPNZD

GBPNZD or GBPUSD

USDCHF,​​ GBPAUD or USDJPY

GBPNZD or CHFJPY

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones​​ instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the​​ Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURUSD

  • GBPCAD

  • AUDUSD

  • USDCAD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
14th​​ April 2024


Last modified ​​ –​​ China: Real Estate crisis threatens Banks  ​​​​ - 30th​​ March 2024  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

   ​​ ​​ ​​ ​​​​ 

 

Japan – Monitor –​​ Accomplished: ​​ Mon 18th​​ Mar: BOJ Policy Rate now +0.1% from -0.1%  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1274087-bank-of-japans-policy-shift-ushers-in-a?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Japan is set to end its decades-long negative interest rates policy​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1273141-japan-on-cusp-of-ending-its-negative-interest?&highlight=japan
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Added 16 March 2024)

 


All Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec 2023)

China –​​ Real Estate/Evergrande issue -​​ ​​ possible deflation setting up  ​​ ​​​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 30 March 2024, 3​​ Feb 2024, ​​ 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21) ​​ ​​​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank, Zhongzhi, has collapsed. It supported construction companies & they are weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/
- ​​ Real Estate crisis​​ threatens banks
 ​​ ​​ ​​ ​​​​ https://creditnews.com/markets/chinas-property-crisis-threatens-the-countrys-largest-banks/
– Evergrande in liquidation
 ​​ ​​ ​​ ​​​​ https://www.cnbc.com/2024/01/29/evergrande-shares-halted-after-hong-kong-court-orders-liquidation-.html
– Zhongzhi Enterprise​​ Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects & management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on an interest payment to Australia 1st Oct 2021

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined  ​​ ​​ ​​ ​​ ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any escalation 



Goldman Sachs Analysis – Be prudent about the analysis re US economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ -​​ impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641​​ 

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ –​​ Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ – (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

Banks warned of​​ CRE (Commercial Real Estate) Risks  ​​​​ – (Added:  11th February 2024)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas
 ​​ ​​ ​​ ​​ ​​​​ https://financialpost.com/fp-finance/banking/commercial-real-estate-contagion-spreads-to-europe
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.bnnbloomberg.ca/ecb-warns-banks-to-grasp-real-estate-risks-or-face-capital-hits-1.2033023​​ 

 

 

US-Iran Tension Escalation

USA Govt Shutdown​​ in March,​​ January?​​ November?​​ – Monitor​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ (Updated: 19th​​ Jan 2024, 16 Dec​​ 2023, Oct 2023, Nov 2023 )
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​ ​​ ​​ ​​ ​​​​  ​​ ​​​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More​​ info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor​​ statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July​​ 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
– Monitor – Budget & Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering​​ dropping USD as denomination currency
 – Influence of terrorism on production has risen.

 

German Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional​​ Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.

 

 

 

 

Archive - 7th April 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MAX NewsWatch List

 

 

 

 

 

 

 

7th​​ January 2024​​ 

 


Market Open Times​​ (NY Time): 
Tokyo 7pm  –  Frankfurt 2am ​​ – ​​ London 3am ​​ – ​​ US 8am
Be careful when ​​ Daylight ​​ Saving Changes are in play

 

All Times are in New York​​ Times

 

Impact

Date

Time

Cur.

News Event

 

 

 

 

 

 

 

 

Holiday

Sun Jan 7

All Day

JPY

Bank Holiday

 

 

 

 

 

 

 

 

 

All TFs

Mon Jan 8

2:30 a.m.

CHF

CPI m/m

 

 

Monitor

Mon Jan 8

6:30 p.m.

JPY

Tokyo Core CPI y/y

 

 

Monitor

Mon Jan 8

7:30 p.m.

AUD

Retail Sales m/m

 

 

 

 

 

 

 

 

 

Monitor

Tue Jan 9

5:00 a.m.

EUR

Unemployment Rate

 

 

All TFs

Tue Jan 9

8:30 a.m.

CAD

Trade Balance

 

 

All TFs

Tue Jan 9

8:30 a.m.

USD

Trade Balance

 

 

Monitor

Tue Jan 9

10:35 p.m.

JPY

10-y Bond Auction

 

 

 

 

 

 

 

 

 

Monitor

Wed Jan 10

10th-15th

CNY

New Loans

 

 

Monitor

Wed Jan 10

10th-15th

CNY

M2 Money Supply y/y

 

 

Monitor

Wed Jan 10

Tentative

EUR

German 10-y Bond Auction

 

 

Monitor

Wed Jan 10

10:30 a.m.

USD

Crude Oil Inventories

 

 

Monitor

Wed Jan 10

1:01 p.m.

USD

10-y Bond​​ Auction

 

 

 

 

 

 

 

 

 

Monitor

Thu Jan 11

4:00 a.m.

EUR

ECB Economic Bulletin

 

 

All TFs

Thu Jan 11

8:30 a.m.

USD

Core CPI m/m

 

 

All TFs

Thu Jan 11

8:30 a.m.

USD

CPI m/m

 

 

Monitor

Thu Jan 11

8:30 a.m.

USD

CPI y/y

 

 

Monitor

Thu Jan 11

8:30 a.m.

USD

Unemployment Claims

 

 

Monitor

Thu Jan 11

10:30 a.m.

USD

Natural Gas Storage

 

 

Monitor

Thu Jan 11

1:01 p.m.

USD

30-y Bond Auction

 

 

Monitor

Thu Jan 11

2:00 p.m.

USD

Federal Budget Balance

 

 

All TFs

Thu Jan 11

6:50 p.m.

JPY

Current Account

 

 

Monitor

Thu Jan 11

8:30 p.m.

CNY

CPI y/y

 

 

Monitor

Thu Jan 11

8:30 p.m.

CNY

PPI y/y

 

 

Monitor

Thu Jan 11

Tentative

CNY

Trade Balance

 

 

Monitor

Thu Jan 11

Tentative

CNY

USD-Denominated Trade Balance

 

 

Monitor

Thu Jan 11

10:35 p.m.

JPY

30-y Bond​​ Auction

 

 

 

 

 

 

 

 

 

Monitor

Fri Jan 12

12:00 a.m.

JPY

Economy Watchers Sentiment

 

 

All TFs

Fri Jan 12

2:00 a.m.

GBP

GDP m/m

 

 

Under H4

Fri Jan 12

2:00 a.m.

GBP

Industrial Production m/m

 

 

Under H4

Fri Jan 12

2:00 a.m.

GBP

Manufacturing​​ Production m/m

 

 

Monitor

Fri Jan 12

Tentative

GBP

NIESR GDP Estimate

 

 

Monitor

Fri Jan 12

8:30 a.m.

USD

Core PPI m/m

 

 

Monitor

Fri Jan 12

8:30 a.m.

USD

PPI m/m

 

 

 

 

 

 

 

 

 

N.A.

Sat Jan 13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


“Top Pairs” Lists


7th​​ January 2024

 

The Top Pairs below are ones that have moved the most in the past 4 weeks.
They are listed in $ order: largest $ to smallest $ movers.

Pick the “low-hanging fruit” i.e. pairs that have moved the most,​​ 
as they are more likely to move this week.

 

Last week

Pair

Avg Daily​​ 
Pip Range

Avg Daily
 ​​​​ $ Range ​​ 

 

1

GBPJPY

188

1299

Suggested

Best Pairs

2

CHFJPY

157

1085

3

EURJPY

149

1026

4

USDJPY

147

1013

5

GBPNZD

151

942

6

GBPAUD

139

935

7

GBPUSD

93

928

8

GBPCHF

75

880

9

USDCHF

71

838

10

GBPCAD

106

792

11

EURNZD

127

791

Less stressful?​​ 

12

EURAUD

113

757

Possibly less profitable

13

CADJPY

103

711

but possibly easier​​ 

14

EURUSD

70

702

to trade.

15

EURCHF

56

655

 

 

16

EURCAD

84

631

 

17

AUDUSD

60

597

 

 

18

CADCHF

48

561

 

19

AUDCHF

48

560

​​ 

20

NZDJPY

80

555

​​ 

21

NZDUSD

55

552

​​ 

22

AUDJPY

80

551

Poorer performers:

23

NZDCHF

44

516

Much less volatility &

24

USDCAD

69

513

likely less profit from

25

EURGBP

37

477

these pairs based on

26

AUDCAD

59

438

their past performance

27

NZDCAD

55

411

 

28

AUDNZD

40

251

 

#E5F8FF

 

 

 

Short List of Each Day’s Top Pairs

Use these suggested pairs to help limit the pairs you monitor each day.
These pairs use the News Events to help narrow the selection.
MAX Courses will teach you how to make​​ this table for yourself.

Pairs at the top have more important News Events (e.g. Hi Impact) than lower pairs.

 

 

Day

Mon 8th​​ Jan

Tues 09

Wed 10

Thur 12​​ 

Fri Dec 13

 

 

1st​​ 
Choices

CHFJPY or GBPCHF

USDJPY or GBPUSD

GBPJPY or CHFJPY

USDJPY or GBPUSD

GBPJPY or CHFJPY

USDCHF or GBPJPY

USDCHF or GBPCAD

EURJPY or USDJPY

USDCHF or GBPJPY

EURJPY or USDJPY

 

2nd​​ 
Choices

EURJPY or USDJPY

GBPJPY or CHFJPY

GBPNZD or GBPAUD

CHFJPY or EURJPY

GBPNZD, GBPUSD​​ or GBPAUD

 

 

 

 

 

Smooth Movers


These pairs might be less volatile & easier to trade.

 

 

 

Forex Pairs


If you are uncomfortable with the faster more volatile pairs above, you could consider monitoring/trading these ones instead.


Less money, but possibly less volatility & stress.

 

 

Indices


Consider trading these indices, too.
Be careful, take your time & make certain you know how they move. They use points & fractions of points.
Some brokers allow trading the Indices by CFDs, instead of Futures.​​ 
Check with your broker for more info.

 

  • EURNZD

  • EURAUD

  • CADJPY

  • EURUSD

  • EURCHF

  • EURCAD

  • AUDUSD

  • DAX

  • DOW Jones

  • NASDAQ

  • S&P 500

  • FTS100

  • NK225

 

 

 

 

 

 

 

 


Longer Term Issues​​ 

 
7th​​ January 2024


Last modified: ​​ China​​ Bank folds​​ (6th​​ Jan 2024)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ USA Govt Shutdown? 16 Dec​​ 2023

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Ongoing Mid East conflicts
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ ​​  ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ More countries joining the BRICS

 

​​ 

​​ Critical Items

    – Impact: Possible Immediate Impact

 

  ​​  ​​ ​​ ​​​​ 

All​​ Countries– Inflation ​​ ​​ (Added:  30th April 2023)
–​​ Closely monitor the Central Banks (Fed & others) for​​ 
 ​​ ​​ ​​ ​​ ​​ ​​​​ Recession mitigation & Interest Rate Changes.

 

USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))

 


Israel & Iran & Gaza/Hamas – Monitor – Conflict Escalation & Possible Nuclear Arsenal

 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​  (Update: 14 Oct 2023, ​​ 22 Aug 21)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Monitor - ​​ Red Sea skirmishes ​​ ​​ (Added: ​​ 23rd​​ Dec​​ 2023)

USA Govt Shutdown​​ in January,​​ November?​​ – Monitor November 2023 (Updated: 16 Dec 2023,
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ Oct 2023)
 ​​ ​​ ​​ ​​ ​​​​ ​​ https://edition.cnn.com/politics/live-news/federal-government-shutdown-funding-11-14-23/index.html
 ​​ ​​​​  ​​​​  ​​​​  ​​​​ ​​ https://www.raymondjames.com/commentary-and-insights/economy-policy/2023/09/29/weekly-economic-commentary​​ 

 


China – possible deflation setting up  ​​ ​​ ​​​​ –​​ (Updated: 6th​​ Jan​​ 2024,​​ 16 Dec 2023,​​ Added:  13th Aug 2023)
 ​​ ​​​​ Monitor ​​ - impact on trading partners​​ - esp Aus & NZ

 ​​ ​​​​  ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
 ​​ ​​ ​​​​ Monitor – Another bank,​​ Zhongzhi,​​ has collapsed.​​ It supported construction companies & they are​​ weak.​​ 
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://techstory.in/china-deals-with-debt-blow/

 

           ​​ 

Silicon Valley Bank collapse​​ + contagion?​​  ​​ ​​ ​​​​ (Updated 18 March 2023, Added:  11 March 2023)

 ​​ ​​​​ Monitor: Still ongoing impacts in US & includes the global banking system.
 ​​ ​​ ​​ ​​ ​​ ​​​​ SVB, Silvergate, Signature, Credit Suisse & now First Republic
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://en.wikipedia.org/wiki/2023_banking_crisis​​ 

BRICs – 5 more countries have joined ​​ ​​ ​​ ​​​​  ​​ ​​​​ (Added:  11 March 2023)
 ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.cmegroup.com/openmarkets/fx/2023/Are-Threats-to-the-USDs-Role-as-a-Reserve-Currency-Real.html

 

 

All Countries– Covid19 – Corona Virus
– Monitor for business changes.

 

US vs China– Monitor Trade war
Pay attention to any​​ escalation 

 

 

China- Evergrande issue  (Updated: 25 Nov 2023, 19 Aug 2023 ​​ & 26 Aug 21)
– Zhongzhi Enterprise Group ( China’s largest shadow bank) is declaring itself “severely insolvent.” Involved in trust, wealth funds & real estate projects &​​ management.​​ 

 ​​ ​​ ​​ ​​​​ https://english.elpais.com/economy-and-business/2023-11-24/zhongzhi-one-of-chinas-major-shadow-banks-declares-itself-severely-insolvent.html

– Evergrande has filed for bankruptcy in the US

 ​​ ​​ ​​ ​​​​ https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
– Monitor as it could impact China’s banking system
– Evergrande defaulted on​​ an interest payment to Australia 1st Oct 2021


Goldman Sachs Analysis – Be prudent about the analysis re US economy
(22 Aug 2021)


Afghanistan – Unfolding Situation (Updated: 22 Aug 21)

 

 

 

​​ 

​​ Important Items

    – Impact: Medium Term Impact

 

 

 

US Dollar losing primacy as Reserve Currency  (Added:  23 March 2022)
   Russia demanding Roubles or Yuan instead of USD for​​ payments.
https://www.forexfactory.com/news/1146816-the-us-dollars-global-standing-as-the-top
https://www.reuters.com/business/energy/putin-says-russia-will-start-selling-gas-unfriendly-countries-roubles-2022-03-23/

 


Russia Rouble Unsteady  ​​ ​​ ​​​​ – (Added:  15h July 2023)
 ​​ ​​​​ Monitor ​​ - impact from sanctions & war
 ​​ ​​ ​​ ​​ ​​ ​​ ​​​​ https://www.forexfactory.com/search?searchid=44391641

 

 

USSR Leadership issues ​​ – Monitor (Added:  1st July 2023)

 

 

USSR/Balkin states​​ – Monitor (Added 1 Oct 2023)
           ​​ Conflicts are starting to be seen​​ 

 

Banks under Scrutiny by ECB  ​​ ​​​​ –​​ (Added:  4th December 2022)
 ​​ ​​​​ Monitor for limited credit causing financial problems​​ 
 ​​​​ ​​ Effects Deutsche Bank & BNP Paribas

US-Iran Tension Escalation

China/Taiwan – Monitor for possible aggression
as per Chinese general saying military action is considered.

 

EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
   after Poland Constitutional Court decision. PolExit?

European Union Dissolving? Monitor the EU for
interstate difficulties exacerbated by the Covid19 epidemic
via EU Council​​ meeting relationships degrading
– also monitor Germany’s Constitutional Court Ruling
for future implications – re EURO viability, EU partnerships,
& possible end of EU? More info here: www.cnbc.com/


China/Hong Kong – Monitor

EU – Germany’s political situation is not settled
Additional EU Entrants possible?

Syria – Could disrupt in the markets

Libya – Geopolitical/Military escalation could affect Oil Prices

ECB – Monitor statements for weakening impacts
ECB outlook is becoming more pessimistic re EU Economy
Monitor any action taken if/when QE ceases at Year End.

 

 

 

 

​​ Ongoing Items

    – Impact: Very Long Term Repercussions

 

 

 

Italy – Monitor (Updated: 17 July 2022, -​​ 14 Feb 2021)
Draghi quits as PM, could still impact EU
– Monitor – Budget &​​ Banking System
– Monitor – Possible EU Penalty & alternate currency

OPEC – Monitor (Updated: 07 July 2023) 
 – Unexpectedly dropped the price​​ 
 – considering dropping USD as denomination currency
 – Influence of terrorism on production has risen.

 

German​​ Bank (WireCard) Bankrupted – Monitor for
possible future ramifications for stability
– eg domino effect a la Lehman Brothers.

 

Karlsruhe German Constitutional Court (Updated: 9 May 21)
Monitor: Decision re ECB PEPP (QE)
Could be revoked causing major impact on the German economy

 

China vs India vs Pakistan– Monitor conflicts along border.