MAX NewsWatch & Best Pairs
Week starting - 10th March 2024
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Market Open Times (NY Time): | ||||
| Impact | Date | Time | Cur. | News Event |
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| N.A. | Sun Mar 17 |
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| Monitor | Mon Mar 18 | 6:00 a.m. | EUR | Final Core CPI y/y |
| Monitor | Mon Mar 18 | 6:00 a.m. | EUR | Final CPI y/y |
| All TFs | Mon Mar 18 | 6:00 a.m. | EUR | Trade Balance |
| Hi Impact | Mon Mar 18 | Tentative | JPY | Monetary Policy Statement |
| Hi Impact | Mon Mar 18 | Tentative | JPY | BOJ Policy Rate |
| Hi Impact | Mon Mar 18 | 11:30 p.m. | AUD | Cash Rate |
| Hi Impact | Mon Mar 18 | 11:30 p.m. | AUD | RBA Rate Statement |
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| Hi Impact | Tue Mar 19 | Tentative | JPY | BOJ Press Conference |
| All TFs | Tue Mar 19 | 3:00 a.m. | CHF | Trade Balance |
| Under H4 | Tue Mar 19 | 6:00 a.m. | EUR | German ZEW Economic Sentiment |
| Under H4 | Tue Mar 19 | 6:00 a.m. | EUR | ZEW Economic Sentiment |
| All TFs | Tue Mar 19 | 8:30 a.m. | CAD | CPI m/m |
| All TFs | Tue Mar 19 | 8:30 a.m. | CAD | Core CPI m/m |
| Monitor | Tue Mar 19 | 8:30 a.m. | USD | Housing Starts |
| All TFs | Tue Mar 19 | Tentative | NZD | GDT Price Index |
| All TFs | Tue Mar 19 | 5:45 p.m. | NZD | Current Account |
| Holiday | Tue Mar 19 | All Day | JPY | Bank Holiday |
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| Monitor | Wed Mar 20 | 3:00 a.m. | GBP | CPI y/y |
| Monitor | Wed Mar 20 | 3:00 a.m. | GBP | Core CPI y/y |
| Monitor | Wed Mar 20 | Tentative | EUR | German 30-y Bond Auction |
| Monitor | Wed Mar 20 | 10:30 a.m. | USD | Crude Oil Inventories |
| Monitor | Wed Mar 20 | 1:30 p.m. | CAD | BOC Summary of Deliberations |
| Hi Impact | Wed Mar 20 | 2:00 p.m. | USD | Federal Funds Rate |
| Hi Impact | Wed Mar 20 | 2:00 p.m. | USD | FOMC Economic Projections |
| Hi Impact | Wed Mar 20 | 2:00 p.m. | USD | FOMC Statement |
| Hi Impact | Wed Mar 20 | 2:30 p.m. | USD | FOMC Press Conference |
| All TFs | Wed Mar 20 | 5:45 p.m. | NZD | GDP q/q |
| All TFs | Wed Mar 20 | 7:50 p.m. | JPY | Trade Balance |
| Under H4 | Wed Mar 20 | 8:30 p.m. | AUD | Employment Change |
| Under H4 | Wed Mar 20 | 8:30 p.m. | AUD | Unemployment Rate |
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| Hi Impact | Thu Mar 21 | 4:30 a.m. | CHF | SNB Monetary Policy Assessment |
| Hi Impact | Thu Mar 21 | 4:30 a.m. | CHF | SNB Policy Rate |
| Hi Impact | Thu Mar 21 | 5:00 a.m. | CHF | SNB Press Conference |
| Monitor | Thu Mar 21 | 5:00 a.m. | EUR | Flash Manufacturing PMI |
| Monitor | Thu Mar 21 | 5:00 a.m. | EUR | Flash Services PMI |
| All TFs | Thu Mar 21 | 5:00 a.m. | EUR | Current Account |
| Monitor | Thu Mar 21 | 5:00 a.m. | EUR | ECB Economic Bulletin |
| Hi Impact | Thu Mar 21 | 8:00 a.m. | GBP | Monetary Policy Summary |
| Hi Impact | Thu Mar 21 | 8:00 a.m. | GBP | MPC Official Bank Rate Votes |
| Hi Impact | Thu Mar 21 | 8:00 a.m. | GBP | Official Bank Rate |
| Monitor | Thu Mar 21 | 8:30 a.m. | USD | Unemployment Claims |
| Under H4 | Thu Mar 21 | 8:30 a.m. | USD | Philly Fed Manufacturing Index |
| All TFs | Thu Mar 21 | 8:30 a.m. | USD | Current Account |
| Monitor | Thu Mar 21 | 9:45 a.m. | USD | Flash Manufacturing PMI |
| Monitor | Thu Mar 21 | 9:45 a.m. | USD | Flash Services PMI |
| Monitor | Thu Mar 21 | 10:00 a.m. | USD | Existing Home Sales |
| Monitor | Thu Mar 21 | 10:30 a.m. | USD | Natural Gas Storage |
| All TFs | Thu Mar 21 | 5:45 p.m. | NZD | Trade Balance |
| Monitor | Thu Mar 21 | 7:30 p.m. | JPY | National Core CPI y/y |
| Monitor | Thu Mar 21 | 8:01 p.m. | GBP | GfK Consumer Confidence |
| Monitor | Thu Mar 21 | 8:30 p.m. | AUD | RBA Financial Stability Review |
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| Under H4 | Fri Mar 22 | 3:00 a.m. | GBP | Retail Sales m/m |
| Monitor | Fri Mar 22 | 5:00 a.m. | EUR | German ifo Business Climate |
| Under H4 | Fri Mar 22 | 8:30 a.m. | CAD | Core Retail Sales m/m |
| Under H4 | Fri Mar 22 | 8:30 a.m. | CAD | Retail Sales m/m |
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| N.A. | Sat Mar 23 |
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#E5F8FF
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The Top Pairs below are ones that have moved the most in the past 4 weeks. Pick the “low-hanging fruit” i.e. pairs that have moved the most,
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Order | Pair | Avg Daily | Avg Daily | Comment |
1 | GBPJPY | 103 | 690 | Suggested Best Pairs |
2 | GBPNZD | 111 | 675 | |
3 | GBPAUD | 101 | 662 | |
4 | EURJPY | 97 | 651 | |
5 | GBPUSD | 64 | 640 | |
6 | CHFJPY | 94 | 632 | |
7 | USDJPY | 88 | 588 | |
8 | EURNZD | 95 | 581 | |
9 | EURAUD | 85 | 558 | |
10 | GBPCAD | 72 | 529 | |
11 | USDCHF | 46 | 520 | Less stressful? |
12 | GBPCHF | 45 | 513 | Maybe less profitable, |
13 | EURUSD | 50 | 496 | maybe easier trades? |
14 | AUDUSD | 46 | 456 |
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15 | NZDUSD | 42 | 422 |
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16 | USDCAD | 57 | 419 |
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17 | CADJPY | 61 | 412 |
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18 | EURCAD | 56 | 412 |
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19 | EURCHF | 36 | 403 | |
20 | NZDJPY | 55 | 370 | |
21 | AUDJPY | 55 | 369 | |
22 | AUDCHF | 32 | 360 | Poorer performers: |
23 | NZDCHF | 31 | 352 | Much less volatility & |
24 | NZDCAD | 44 | 324 | likely less profit from |
25 | CADCHF | 28 | 316 | these pairs based on |
26 | EURGBP | 25 | 313 | their past performance |
27 | AUDCAD | 41 | 306 |
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28 | AUDNZD | 37 | 225 |
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#E5F8FF
Short List of Each Day’s Top Pairs Use these suggested pairs to help limit the pairs you monitor each day.
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| Day | Mon 18th March | Tues 19 | Wed 20 | Thur 21 | Fri 22 |
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| 1st | EURJPY or EURNZD | EURJPY or CHFJPY | JPY Holiday GBPUSD or USDJPY | GBPJPY or GBPNZD | GBPNZD or GBPCAD | |
EURAUD or GBPJPY | EURAUD or GBPJPY | GBPNZD or EURNZD | GBPAUD, CHFJPY or GBPCAD | GBPJPY or GBPAUD | |||
| 2nd | GBPNZD or GBPAUD | GBPAUD, USDJPY, EURNZD or GBPCAD | GBPJPY or GBPAUD | EURJPY, GBPUSD or USDJPY | GBPUSD or EURNZD | |
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Smooth Movers
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Forex Pairs
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Indices
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Critical Items
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Japan – Monitor - Japan is set to end its decades-long negative interest rates policy
USSR/Ukraine – Monitor (Updated: 18th Sept 2022,24 Feb 2022 & 2021))
(Update: 14 Oct 2023, 22 Aug 21) China – possible deflation setting up – (Updated: 6th Jan 2024, 16 Dec 2023, Added: 13th Aug 2023) https://www.forexfactory.com/news/1235581-china-new-loans-plunge-to-2009-low-in?&highlight=china
Silicon Valley Bank collapse + contagion? (Updated 18 March 2023, Added: 11 March 2023) Monitor: Still ongoing impacts in US & includes the global banking system. BRICs – 5 more countries have joined (Added: 11 March 2023)
All Countries– Covid19 – Corona Virus
US vs China– Monitor Trade war
China- Evergrande issue (Updated: 3 Feb 2024, 25 Nov 2023, 19 Aug 2023 & 26 Aug 21) – 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/
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Important Items
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US Dollar losing primacy as Reserve Currency (Added: 23 March 2022)
USSR Leadership issues – Monitor (Added: 1st July 2023)
USSR/Balkin states – Monitor (Added 1 Oct 2023)
Banks under Scrutiny by ECB – (Added: 4th December 2022) Banks warned of CRE (Commercial Real Estate) Risks – (Added: 11th February 2024)
US-Iran Tension Escalation USA Govt Shutdown in March, January? November? – Monitor
EU – Poland – Monitor for possible Issues (Updated: 9 Oct 2021)
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Ongoing Items
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Italy – Monitor (Updated: 17 July 2022, - 14 Feb 2021)
German Bank (WireCard) Bankrupted – Monitor for
Karlsruhe German Constitutional Court (Updated: 9 May 21)
China vs India vs Pakistan– Monitor conflicts along border.
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Overview
MAX Trader Help
In the tabs above, we provide a list of:
- Pairs to consider, based on their past volatility,
- News Events to be careful of – in case of volatility,
- News Events to wait for because of volatility (they could be good movers if the news is surprising) and a
- Long Term situations/conditions to be aware of to help form your longer term outlook – i.e. the fundamentals/global conditions.
Today's Best Pairs
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