In today's forex report for Equities.com, Greg Michalowski of GregMikeFX looks at the central bank events that will influence trading in the forex market this week. Michalowski also takes a look at the GBPUSD in his "Forex Chart of the Day" segment.
The week of July 14-18 looks to be packed on the Central Bank front, with a variety of key events taking place, notably Fed Chair Janet Yellen's tesimony before the Senate Banking Committee and House Financial Services. Additonally, the Bank of Japan is expected to weigh in on the country's economic situation. The BOJ is expected to raise their forecast for the Japanese economy, which will certainly affect the exchange between the dollar and the yen.
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Greg Michalowski
Greg Michalowski, Founder and President of GregMikeFX.com, a foreign exchange consulting company, and author of Attacking Currency Trends (WIley Publishing) has 28 years experience as a trader and financial analyst. His career began at Citibank New York and later at Citibank London where he was a Vice President and trader of interest rate derivatives. He later joined Credit Suisse First Boston, New York, in the same capacity as a derivatives trader and market maker in the banks Funding Department. In 2000, Greg transitioned to FXDD where he was one of the founding employees of FX DirectDealer (later FXDD). While at FXDD, he helped manage the currency risk, and later become the Chief Currency Analyst. Greg has educated and spoken around the globe to thousands of retail traders. He has written for various publications including Equities magazine. His thoughts on the forex market have appeared in the Wall Street Journal, Bloomberg, and Thomson Reuters.
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