High Volatility Events in the Week of U.S. Independence Day

The U.S. markets will be closed on July 4th, and the trading volume will be getting lighter. But with several major events scheduled on July 4 and July 5, volatility may get higher. The EUR/USD is currently trading in a tight range between 1.2980/3000 and 1.3080/3100. The AUD/USD is trading between 1.9110 and 1.9340, and is forming a potential falling wedge. Both pairs are seeking direction. The GBP/USD is approaching a major medium-term uptrend line connecting the 3/12 low and the 5/29 low. The USD/JPY is trading above 100.00, facing major resistance around the 100.50/80 area. A possible big market move is expected ahead, trade safely.

Upcoming High Volatility Events:
7/4/2013:
GBP: BoE Interest Rate Decision
EUR: ECB Interest Rate Decision
7/5/2013:
CAD: Unemployment Rate
USD: Non-Farm Payrolls