Next week, I will be taking another short holiday to an exotic camping location, with free food and lodging provided. 😀
But before I leave, here are the trading opportunities for next week. Depending on the Singtel signal strength I get there, I might or might not be able to trade, but I trust that my Synapse Community will help me monitor the markets, and continue to provide discussion.
Stocks Money-Making Opportunities
After running the Synapse Stock Screener using Friday’s data, I have identified some potential counters that will run on Monday, which will very likely provide some good trading opportunities.
There was a lot of big money flowing in on Friday near the market close, so there is a good chance of a strong run up this coming week. Stay alert!
Forex Money-Making Opportunities
On the forex front, the main action will be on Thursday and Friday for the USD and NZD, where we have the FOMC Statement and RBNZ Rate Statement on Thursday, followed by the ISM Manufacturing PMI on Friday.
The EU and NU are both on a long-term downtrend, but had some strong rebound last week. Will we see a mini-reversal confirmation, or a resumption of the downtrend?
The month has been pretty quiet so far, so this could provide some long-awaited movement in the currency pairs. Stay tuned!