Keeping Pace with Fundamentally Motivated Price Action

With the RBNZ and BOJ rate decisions as well as the UK GDP figures, how would these three (3) powerhouse event risk affect the USD's performance? Other factors needs to be considered like the FOMC rate decision.

Weighing the effects of these events would certainly affect the individual currency pairs first relative to the USD.  Pre-release of data and post price reaction at the end of Wednesday's session trading would indicate a glimpse of what the prevailing makeup of the market direction towards the closing of the first month.

Although, the stock market has already showed its close-ties with oil prices will eventually disconnect, once the relative USD correction with the resumption of its directional trend higher. For as long as the USD stays above its benchmark and equilibrium price levels; the ability to sustain its strength remains with acceptable & tolerable drawbacks well within their respective wide trading range for now. However, the wider the range bounce & decline, the better for swing traders to take advantage of as price difference between days & weeks could be substantial even for a single trade.

And for a variation of position trades, the market's prevailing timeline is still valid since the beginning of the year simply based from the linear cycle it has proven to make turning points occur give & take a few. As Time & Price can extend / expand extensively disregarding some event risk & reports totally contradictory to the fundamentals which can still overwhelm market participants to a certain degree. And we have experienced these types of price actions occurring more often due to market volatility.

Our take would be to clearly watch, learn & consider Wednesday's reports and settlement prices heading towards the closing week of April 29, 2016, that would provide an additional view for the coming new month's trade expectations.