<strong> </strong>
<ol>
	<li><strong> INTRODUCTION:</strong></li>
</ol>
Prior to the past week, the previous two weeks of trading were painful for me. From the Boris Johnson BREXIT sell off in the cable, which was followed by severe ice storms which left me without either power or any ISP’s operating for two days. It took time to re-focus and gather one’s thoughts / patterns again.

Thankfully, this past week was a good one. In “my week in hell” All of my PREMIUM SERVICE pip gains for 2016 were erased and last week I replaced 75% of them. I am on a roll as they say in Vegas! I am still confident of generating 10,000 pips this year as I did in 2014 and 2015.

Adding in my weekly weather check…. We are thawing here, just off the island of Montreal. Soon the snow and ice will be gone. My wife and I can walk the dogs again without fear of being run over by snow ploughs, and I can trade from the terrace in the sun close to a fully functional BBQ. Yes, the summer routine should be back in play very soon once again, with a bit of luck.

Finally, in this section, just to remind you; you could be the next winner of a free PREMIUM SERVICE (SILVER) subscription; if you subscribe to receive this free blog via my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

You are automatically entered into a free monthly draw, once you’ve subscribed. Each month during 2016 one lucky blog subscriber will receive a free subscription to the PREMIUM SERVICE (SILVER).

<strong> </strong>
<ol start="2">
	<li><strong> THE PREMIUM SERVICE:</strong></li>
</ol>
<u>2.1: WHAT IS THE PREMIUM SERVICE:</u>

The PREMIUM SERVICE is a subscriber, fee based trade set-up option for Forex traders regardless of experience or background. I provide traders suggested trades, and some market commentary related to open trades or factors within the overall market that have my interest.

Full details of the PREMIUM SERVICE and the various trade styles plus how suggested trade set-ups are communicated can be found on my website landing page at <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> by selecting THE PREMIUM SERVICE tab.

Additional information can be found by clicking TESTIMONIALS, PART-TIME TRADERS and FX PROMOTIONS tabs. To subscribe to THE PREMIUM SERVICE you will require a PayPal account.

<u>2.2: PREMIUM SERVICE PERFORMANCE THIS MONTH &amp; YEAR TO DATE:</u>
NET PIPS THIS MONTH SO FAR:            +1,546
NET PIPS THIS YEAR SO FAR:                +1,414

NET PIPS 2015        +10,686
NET PIPS 2014        +11,209
(I trade basically for 10 months a year. I do not trade from mid July through early September or mid December through early January).

If you want more data or detail about the performance and the tabs on my website landing page do not answer your questions, contact me directly and I will supply the trading data you require. There are NO secrets. There are many, many spreadsheets detailing performance trade by trade and by trade and by trading style, way too many to place in this blog. If you are interested in the PREMIUM SERVICE and want more information, all you have to do is ask.

<strong> </strong>
<ol start="3">
	<li><strong> THE FX MARKET PLACE:</strong></li>
</ol>
<strong>3.1: LAST WEEK’S NEWS – MY THOUGHTS:</strong>

What a feck of a week we just had.

Jesus, Mary and Joseph, I said last week that “CENTRAL BANKS TAKE CENTRE STAGE”, even one of my heroes, Mick Jagger, would have had difficulty managing and working that stage.

We had the BOC, RBNZ and ECB all dominating Forex traders minds regarding trading and to set the week off just prior to the BOC statement we had Mark Carney with testimony in front of a Treasury Select Committee hearing where Carney was talking about the BREXIT… deep joy and what fun.

My review of these four events is as follows: -

&nbsp;

UK TREASURY SELECT COMMITTEE HEARING:

My first comment about this was how awfully, “awfully” the chaps were. There was none of the GOP debate nonsense of small hands, calling people liars, chokers, no wetting one’s trousers’, no spray tans and the bible never came up once. The most heated it got was when Euro-skeptic MP Jacob Rees-Mogg addressed Carney with a “with due respect”.

You have got to love old blighty, the U.S. has Ted Cruz, Bernie Sanders, Donald Trump, Mitt Romney and Little Marco… the Brits have a Jacob Rees-Mogg, married to a Helena de Chair with a sibling named Annunziata Rees-Mogg. Bollocks to the U.S., the Brits have a history and they have names that age like a good bottle of Corton, which, is in complete contrast to the bottle of BUD comparison of the Teds, Bernie’s, Mitts and Donald’s of this world. I mean what sex is that sibling, it sounds female but is it? However, Jacob and Helena have a son named Tom Wentworth Somerset Dunstan Rees-Mogg, I would like to see how VISA and MasterCard cope with that!

Moving on…

The 3 hours or so of questions and answers were the usual toing and froing that one sees in the UK. No rambles of statements pretending to be questions that Janet Yellen faces when she is giving her testimony on Capital Hill.

Carney was accused of being pro-EU and he stood his ground. He had apparently not conducted through the BOE any scenarios of effects should the BREXIT occur. Brave man, however, I do not believe in a million years that not one single paper has been produced inside the BOE with what their strategies are.

&nbsp;

BOC:

No press conference this time and guess what? All is just fecking brilliant here in Canada. The snows are melting exposing potholes all over the roads here in Quebec. The mass of concrete that is so heavy in the crumbling infrastructure of Montreal, crumbles away some more. We had a massive sinkhole this week in Montreal. Jobs are disappearing from the prosperous provinces of Alberta and British Columbia. The chances of a housing bubble in Vancouver and Toronto are still there, prices are not giving up. However, from the thick pile cushioned carpets inside the BOC all are warm and cuddly.

Stephen Poloz is banking on Justin Trudeau’s first budget on the 22<sup>nd</sup> March to provide fiscal stimulus to cure all the issues facing the Canadian economy. Lets see how that goes.

For now rates are on hold.

&nbsp;

RBNZ:

Graeme Wheeler in a market surprise event cut interest rates by 0.25%. He promised more should matters Kiwi not improve. I notice that another 0.25% has been penciled in prior to the completion of Q2.

The one thing I noticed from reading the statement and listening to the press conference and parliament speech was the number of times China was mentioned. I don't think that Wheeler is planning a vacation, more just shitt**g his pants as China is New Zealand’s largest trading partner and the slowdown and hard landing that we all know is coming is starting to bite, and bite hard.

Selling the NZD on spikes would seem to be a great trade for the time being.

&nbsp;

&nbsp;

ECB:

WTF! - Draghi throws the kitchen sink in. He did not hold back and instead of the EUR weakening it strengthened. It shot up so fast off 1.0820, like a rat up a drain pipe, and it rallied from 1.0820 to over 1.1200, 4 cents in one session an unbelievable move.

Draghi cut, added, added some more stimuli and at the end basically fecked up by saying that's about it, no more scope, nothing more to do now. At that point the EUR/USD and crosses spiked. I watched not believing the squeeze that took place.

Who would be Draghi pouring out his fruit loops this morning reading all the media coverage about the press conference? Wiedmann at the Bundesbank, will be handing Mario a huge slice of I told you so soon, if he hasn’t already done so.

What happened though has much wider implications, which I will look at later in the blog. The impact of post ECB has wider implications for Central Banks, Governments will take note, and, it filters all the way down to us Forex Traders on how we approach the markets moving forward.

<strong> </strong>

<strong> </strong>

<strong>3.2: WHAT’S ON MY MIND:</strong>
<p style="text-align: center;"><strong>IF NOT MONETARY POLICY… THEN WHAT?</strong>
(This is a line taken from “IN DEFENCE OF MONETARY POLICY” written by Vitor Constancio, Vice President of the ECB. It was written the day following the latest ECB Press Conference)</p>
&nbsp;

The latest ECB press conference was the second one from which the markets poo-pooed the ECB stimulus and the single currency strengthened instead of weakening. One occasion is a freak; the second is a pattern… but why?

Draghi unleashed aggressive monetary stimulus.
<p style="text-align: center;"><strong>Refinancing Rate cut from 0% to 0.05%.</strong>
<strong>Overnight deposit negative rates increased from -0.3% to -0.4%.</strong>
<strong>QE increased to €80 billion per month from €60 billion per month.</strong>
<strong> New 4 year TLTRO’s.</strong>
<strong> Asset Purchases to now include Corporate Bonds</strong>
<strong> He then also lowered 2016 and 2017 GDP and Inflation Forecasts.</strong></p>
<p style="text-align: left;">Lets face facts the above is strong stimulus and collectively they are worthy of the title “BAZOOKA”.</p>
What went wrong?

Why did the market react the way it did?

I have a hard time believing that a 4-cent rise in the EUR/USD exchange rate on the day could not all be attributed to the fact that the ECB believe that they have done enough. I say that in the complete knowledge that the FX market is at times mental and appears to outsiders, and us traders sometimes, to be totally dysfunctional.

The fact that Vitor Constancio released his memorandum the following day says it all for me. Briefly, he stated that the stimulus provided was in response to the vocal skepticism in the media and markets about the prior ECB package in play. He went on to say that fiscal and structural reforms are welcome but across all the member states of the EUROZONE would have implementation issues as parliaments are all different and different time lines would be in play and laws may be restrictive. Plus not all member states would adopt fiscal policy changes whether they needed to or not. Structural reforms are too long to implement.

He summarizes with the comments that in the EURO area, higher growth is urgently required to reduce negative output and unemployment gaps.

He ends his final sentence with IF NOT MONETARY POLICY, THEN WHAT?

My thoughts are, if central bank monetary policy no longer influences exchange rates, we have a huge problem.

Stock markets should have been flying as a result of the ECB stimulus. We got a sell off. This has wider implications for those people who have pensions etc linked into the stock market.

The same thing happened after the BOJ introduced negative overnight interest rates. A massive sell–off followed.

This is volatility that is not expected. One of the key roles and responsibility of a central bank is that of creating and maintaining price stability, and at the same time removing uncertainty.

After the ECB and BOJ we have uncertainty. We now have risks that we never thought that we would have. Stimulus normally means stock market bullishness.

Will this reaction to the ECB affect the FED and the SNB?

We have an FOMC meeting this week. The fact that Draghi and the ECB was so accommodative, one would think that if they wanted it to, this would have supported the FED being hawkish. I somehow believe that the FED will hold until the end of Q2 before raising again, although even if it raised rates this week I think it would have a minimal effect.

Thomas Jordan (SNB) must have been an interested on-looker last Thursday. I have no doubt he will NOT want the CHF to strengthen and intervention could happen at any time. Even with negative interest rates there could still be a safety play at some time for the CHF pairs. The EUR will weaken over time and Jordan will want to be proactive rather than reactive with his actions.

Stepping back…

When you first start trading you are aware that central bank monetary policy is the cornerstone to a currencies behavior. If you cannot rely on that what do you have?

In my opinion, confusion and uncertainty come into play, which, I believe manifests itself as FEAR and GREED. FEAR and GREED rule FX at the best of times even when there is nothing to FEAR. If markets no longer take a Viagra pill on the back of currency stimulus we have to start re-thinking about correlations next.

Without doubt it means that we should be cautious and let the dust settle down for a few days. Certainly the FED meeting this week will be one event to follow with interest. Will the FED still demand respect?

The ECB is arguably the biggest central bank in the world. The BOJ is in the top three without doubt. If the FED gets paid lip service we do have a problem moving forward.

The risks across all markets should this be the case should not be under estimated. Should the equity markets move lower, the corrections could be greater than we thought possible and then we have FEAR, followed by GREED.

Waiting for fiscal and structural changes may be the way, but they are not instant to re-invigorating an economy. They take time. If Central Bank monetary policy is truly now sterile and markets immune to the effects, we could end up in chaos with an unruly sell–off. There would be a run to both GOLD and CASH.

Personally, I have never traded in a period when central bank policies were almost ignored by the markets. With the FED meeting this week, its commentary takes on another level of interest and reaction in my eyes given what has recently happened with the BOJ and ECB.

I do not want to get doom and gloom orientated but I do believe we have big issues facing markets in the near term. If monetary policy just isn’t enough on its own for the immediate future, we have issues to address.

<strong> </strong>
<ol start="4">
	<li><strong> PREMIUM SERVICE (GOLD) EXCLUSIVE CONTENT:</strong></li>
</ol>
(This area contains exclusive content for PREMIUM SERVICE (GOLD) subscribers)

<strong>4.1: THE PREMIUM SERVICE – TRADING REVIEW: </strong>

(This section can cover a multitude of points / facts etc. Basically it’s a 360-degree review, which I think should interest subscribers):

It’s all change this week versus last week’s blog.

The issue that is on my mind at the moment is the PART-TIME TRADER TRADES. These were initiated following the divergent central bank policies allowing for longer-term trades to be entered. This happened last year under tests. However, this year since going live I have been placing trades in this category, and they have been hugely successful but they do not meet the objectives I set myself regarding lifespan. Profitability wise, they are absolutely no problem. They are also very directional when they gain traction but are they PART-TIME TRADER TRADES. Being honest, not really.

I have a plan. I will be changing this category over this month and re-launching from April 1<sup>st</sup> 2016.

From a trades perspective these will not alter much as I do not want lose the pips nor the $$$ by changing a wheel that does NOT need changing.

As an old English comic, sadly gone from us Frankie Howard (my God that ages me…) used to say, “A bit of titivation doesn’t do anybody or anything any harm”

I do not feel that I could release this blog without some comments about the marketplace.

For the past two weeks, I have been looking to write in the general area about the fact that retail traders in the FX market are finding it increasingly difficult to make a profit. However, something greater has always come up!

On this subject, I have two or three articles that I have pulled from various sources and one in particular talks about banks pulling back because they cannot influence the market as much as in the past and that because of inter-market diversities and lack of correlations they are losing money from what was once a huge bottom line profit contributor. Many years ago, when I worked in Lloyds Bank in the UK, I remember at one dinner function, one chap from the city proclaimed that the branch network could be closed and the costs of closure plus costs of absorbing the annual profits from branches would just be a smallish dent in the profits generate by “EASTCHEAP” the then overseas specialist centre. Those days are long gone by all accounts.

I was speaking with my peer group during the week and in general discussion, figures of 10 - 25% be were being quoted about traders giving up, moving on to a different category to trade, or re-thinking strategy.

The point being made is that to keep your account in the black is an achievement not to be ignored right now. The markets are ideal for 20M traders. I am NOT a 20M trader, and being frank, I find it difficult to adjust to lower timescales.

The pullback strategy based off 5M, 15M and 45M charts working in harmony is just not working at the moment, and frankly if that does not work we have a weird marketplace in which to operate.

The longer term, smaller position sized, to some extent, place them and then forget about them trades, like the PART-TIME TRADER TRADES are working, but, they need managing, and, they are more like short to medium term trades only. I am not happy leaving those trades for months at the moment, hence I want to change my focus and definitions for that segment of the PREMIUM SERVICE.

So the upshot is, if you are struggling a bit or find me and/or the market reactionary a bit more than usual, your observations are spot on.

In 2015, I let more than 2,000 pips 20% of the annual return fall through my fingers because I tried to let trades run, when I should have taken profits off the table. Even now this year, with the AUD/NZD and NZD/USD trades over the past week or so, there should have been another 500 pips of profit on the table as a minimum. I have been trying to let trades run in a chop fest.

I am conscious that some of you cannot access your accounts 24x7 and therefore for me to change what my thoughts were at the outset of a trade is frustrating and annoying.

Unfortunately, trading is what it is.

I have to react to what the market is doing at that precise moment in time, and if that means closing a trade early, moving a stop, as I believe the trade is good, we are just dealing with increased volatility so be it.

None of my entries are at 100% position size.

Not one set-up over the past year has been at 100%. This is pure and simple to allow stop placement flexibility. If you are entering your trades at your 100% position size then you have zero flexibility. If you chose to move your stop in line with my trade suggested changes you are over leveraging yourself. That is dangerous.

Traders are getting out of Forex because they are over leveraging. Their accounts are dwindling in size and they blame everything and everyone instead of themselves.

This is really important to trading longevity. If anyone requires help with leveraging, there are articles in the EDUCATION section of the website. If you cannot find what you need or require additional information, email me and I will set up a SKYPE or FaceTime conversation.

I have lost two traders this year due to the fact that they were trading standard lots on inappropriately sized trading accounts.

Yes, it is harder to make money from Forex Trading. Liquidity is down. The Asian session trading is sometimes tantamount to gambling. However, if we are aware of these factors, we adjust our mindset and get on with it. Psychology in trading is under estimated in my opinion and it is something that we should all place greater emphasis on.

There are no quick fixes in Forex; tried and tested methodology will win through but we seem to be given one wall to climb, then another is placed in front of us and then yet another.

The solution for now is to knuckle down and trade a little smaller with a little wider stop losses in position to cope with increased volatility (I feel like I have been writing that sentence off and on for over two years now).

<strong> </strong>

<strong> </strong>

<strong>4.2: TRADE STYLE DEFINITIONS:</strong>

<u>4.2.1: RADAR TRADES:
</u>These are pre-meditated entry trades set from either Fibonacci levels, pivot points or previous support and resistance based off a combination of horizontal or trend line support or resistance.
The goal is always if possible to swing trade these trades by establishing a position that if market conditions apply allow the trade to gather traction and develop into a longer-term position trade.

<u>4.2.2: FLASH TRADES:
</u>Mainly simply, opportunist trades in LIVE market conditions. These trades are either based off a pullback strategy, a GIMME10 pips strategy, or off momentum in a trading pair at the time of entry.
The goal is to either take 10-30 pips or see a sufficient move to place a protective stop in place to see if a swing trade develops.
Some FLASH TRADES may form part of an overall trading plan with a given currency pair, but the entry could not be made via a LIMIT ORDER.
In addition in 2016, some FLASH TRADES can be of a longer duration, with very specific goals.

<u>4.2.3: FUNDAMENTAL TRADES:
</u>These will be trades based off my TRADING PLAN goals for trades in line with my longer-term market views.
Trades in this area will use in addition Fibonacci levels, Pivot points, trend lines and prior support and resistance levels, weekly and monthly ATR’s (Average True Ranges) when setting Stop Loss levels.
These trades are hopefully of a longer-term nature. They will be initially “single-lot” sized trades due to the wider stop placements that will be applied.

<u>4.2.4: PART-TIME TRADER TRADES: (Soon to change):
</u>These trade set-ups are intended to have a longer-term trading perspective. They are not only targeted at traders who consider they are part-time Forex traders; obviously, all traders can of course take advantage. (My definition of a part-time trader is one who is only able to look at their computer screens, or, mobile devices to check trades two or three times a day).
A key feature of these set-ups is that they have much wider than normal stops to allow for market swings and volatility. The trades therefore have a smaller position size to allow for the swings in volatility, but multiple trades in the same currency pair are added when the core trade has gained traction in the desired direction.
My goal is to have multiple trades open/live at any one time and maybe 2/3 open/live trades with the same currency pair. I will of course suggest to take some profits along the way, but hopefully at the same time letting trades run as far as possible.

<strong> </strong>

<strong>4.3: THE PREMIUM SERVICE PERFORMANCE SPREADSHEETS (INCLUDING LIVE &amp; LIMIT ORDER TRADES):</strong><strong> </strong>

Full and complete details surrounding these trades can be found inside the PREMIUM SERVICE on my website. These can be found on the spreadsheets on the website.

<strong>4.4: REVIEW OF OPEN LIMIT ORDER TRADES NOT YET TRIGGERED:</strong>

<u>4.4.1: RADAR LIMIT ORDER TRADES:</u>

RT664 – NZD/USD:
This is a sell stop order from last week based on moving below lows of the day. I will keep this for a while as I am still bearish this pair.

<u>4.4.2: FUNDAMENTAL LIMIT ORDER TRADES:
</u>

FUN278 – GBP/NZD:
Another set-up to add to the longer-term trade; this one is set to trigger well above trend line resistance. I will need to re-evaluate, as the slope of the trend line is a lot lower now.

FUN310 – EUR/CHF:
This trade is in play as a BUY STOP order over last Friday’s HOD.

FUN311 – EUR/GBP:
Based off a head and shoulders pattern. It is only invalidated by a move above 0.7850.

<u>4.4.3: PART-TIME TRADER LIMIT ORDER TRADES: </u>

PART045 – GBP/NZD:
Another set-up to add to the longer-term trade; this one is set to trigger well above trend line resistance. I will need to re-evaluate, as the slope of the trend line is a lot lower now

<strong> </strong>
<ol start="5">
	<li><strong> COMING UP THIS WEEK:</strong></li>
</ol>
<u>5.1: THIS WEEK’S FOREX NEWS THAT INTERESTS ME:</u>

(There are many more news items related to the Forex Market other than the ones listed below. These are the ones that interest me. You can go to <a href="http://www.forexfactory.com">www.forexfactory.com</a> and <a href="http://www.tradingeconomics.com">www.tradingeconomics.com</a> for a more comprehensive lists of all news events that are Forex related).
SUNDAY: N/A.

MONDAY: AUD – Monetary Policy Meeting Minutes.

TUESDAY: BOJ – Press Conference and Monetary Policy Statement.
TUESDAY: USD – PPI and Retail Sales.
TUESDAY: NZD – GDT Price Index.

WEDNESDAY: GBP – Unemployment Data and Annual Budget.
WEDNESDAY: USD – CPi and Core CPi.
WEDNESDAY: USD – FOMC Statement, Rate, Projections &amp; Press Conference.
WEDNESDAY: NZD – GDP.
WEDNESDAY: AUD – Employment Data.

THURSDAY: SNB – Libor Rate and Monetary Policy Statement.
THURSDAY: GBP – BOE Bank Rate and Policy Summary

FRIDAY: CAD – Core Retail Sales and Core CPi.

<strong> </strong>

<u>5.2: THE USD MAJORS SUPPORT &amp; RESISTANCE LEVELS: </u>

(In this section I have as usual kept my charts as minimalist as possible. With regards to charting in my opinion less is more!! I hope that they are clear. All readers regardless of level of experience should be able to follow my thoughts from my comments to the levels on the charts with ease)

My comments are contained on the charts. If you have difficulty getting them to expand please let me know. Sometimes word press is difficult.

This week, I have decided to break the usual approach and look at monthly charts instead of daily charts. This is in response to feedback, when I was asked for a more macro level view.

&nbsp;

EUR/USD - Weekly Closing Price: 1.1145

<a href="https://weeklyfxdrivethru.com/eurusd-m-12032016/" rel="attachment wp-att-7428"><img class="aligncenter size-large wp-image-7428" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/EURUSD-M-12032016-1024x509.png" alt="EURUSD M 12032016" width="1024" height="509" /></a>

GBP/USD - Weekly Closing Price: 1.4386

<a href="https://weeklyfxdrivethru.com/gbpusd-m-12032016/" rel="attachment wp-att-7429"><img class="aligncenter size-large wp-image-7429" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/GBPUSD-M-12032016-1024x509.png" alt="GBPUSD M 12032016" width="1024" height="509" /></a>

AUD/USD - Weekly Closing Price: 0.7559

<a href="https://weeklyfxdrivethru.com/audusd-m-12032016/" rel="attachment wp-att-7427"><img class="aligncenter size-large wp-image-7427" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/AUDUSD-M-12032016-1024x509.png" alt="AUDUSD M 12032016" width="1024" height="509" /></a>

NZD/USD - Weekly Closing Price: 0.6742

<a href="https://weeklyfxdrivethru.com/nzdusd-m-12032016/" rel="attachment wp-att-7430"><img class="aligncenter size-large wp-image-7430" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/NZDUSD-M-12032016-1024x509.png" alt="NZDUSD M 12032016" width="1024" height="509" /></a>

USD/CAD - Weekly Closing Price: 1.3215

<a href="https://weeklyfxdrivethru.com/usdcad-m-12032016/" rel="attachment wp-att-7431"><img class="aligncenter size-large wp-image-7431" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDCAD-M-12032016-1024x509.png" alt="USDCAD M 12032016" width="1024" height="509" /></a>

USD/CHF - Weekly Closing Price: 0.9825

<a href="https://weeklyfxdrivethru.com/usdchf-m-12032016/" rel="attachment wp-att-7432"><img class="aligncenter size-large wp-image-7432" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDCHF-M-12032016-1024x509.png" alt="USDCHF M 12032016" width="1024" height="509" /></a>

USD/JPY - Weekly Closing Price: 113.81

<u><a href="https://weeklyfxdrivethru.com/usdjpy-m-12032016/" rel="attachment wp-att-7433"><img class="aligncenter size-large wp-image-7433" src="https://weeklyfxdrivethru.com/wp-content/uploads/2016/03/USDJPY-M-12032016-1024x509.png" alt="USDJPY M 12032016" width="1024" height="509" /></a></u>

&nbsp;

&nbsp;

<u>5.3: CLOSING THOUGHTS:</u>

Another big week for news lies ahead of us.

We have another three central banks with rate announcements, this time it’s the BOJ, SNB and BOE.

Unless Thomas Jordan at the SNB does another “gob smacker”, I am expecting this week to be focused on the FED and the FOMC with Janet Yellen’s press conference.

We should also note that we have employment data from the GBP and AUD.

As always, be savvy…

Always remember longevity in Forex trading can only be achieved through trading with good RISK and MONEY MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility.

Take care,

Scott Pickering
The Pip Accumulator
<a href="https://weeklyfxdrivethru.com/disclaimer/">https://weeklyfxdrivethru.com/disclaimer/</a>