Monday, Feb 02
USD ::: ISM Manufacturing PMI (Jan)
This survey from managers in the manufacturing industry is expected to decrease, & currently the majority of US states are facing a sever winter weather which might slow down the economy. In case the news came in red USD might start showing the first signs of a rest from been bullish & it's when EURUSD might start correcting.
Tuesday, Feb 03
AUD ::: RBA Interest Rate Decision
AUD ::: RBA Rate Statement
RBA chance to hold the fall on AUDUSD is from the Interest Rate Decision event. Also during that day market is expecting a green number for the difference in value between imported & exported of goods and services in Australia. The rate been decrease the last time in Aug 06 2013 from 2.75% to 2.5% where AUDUSD was at 0.88 & Sep, Oct 2013AUDUSD price went bullish reaching 0.97 as a correction of 950 pips up.
Currently AUDUSD is in the deep of 0.77 & in need for a correction after a consecutive fall of 1700 pips during the last 4 months, & AUDUSD have space to correct at least 500 pips or 1000 pips.
NZD ::: Unemployment Rate (Q4)
The market is expecting a green number as a decrease in Unemployment Rate on this island during the previous quarter. Currently NZDUSD is in the buying zone as much the supp 0.710 from year 2011 hold, & during the last month NZDUSD went down 700 pips and we might see a correction during this event in case the number came in green.
Wednesday, Feb 04
NZD ::: RBNZ Governor Wheeler Speech
USD ::: ISM Non-Manufacturing PMI (Jan)
Also this week USD is on a meeting with another survey & this one is from non-manufacturing managers. The market is expecting a green number which might give strength for the US Dollar during Wed. A green number will indicate expansion & that might be translated as a good sign for the economic health in the US.
Thursday, Feb 05
GBP ::: BoE Interest Rate Decision
Last time the BOE decreased the Interest Rate was in March 2009 from 1.0% to 0.5%, when GBPUSD was at 1.3 & currently GBPUSD is at 1.5 & during the last 10 days it did collapse under 1.50 psycho level reaching the deep of 1.494 yet somehow on daily chart GBPUSD is showing till now a steady control next to 1.50 level. During this event BOE will decide what next for GBPUSD where we might see on our chart a dive under 1.50 or a correction taking the price far from 1.50 psycho level in case GBPUSD stayed next to that level till Thur.
Friday, Feb 06
The market is expecting an increase in people seeking for jobs as a red number from Canada which might take USDCAD higher during this event & in case NFP came in green from US... USDCAD might skyrocket high. On the other hand in case the number came in green from Canada & NFP from US came in red this scenario might take USDCAD in a falling wave during that day which might start the correction needed on USDCAD chart.
USD ::: Nonfarm Payrolls (Jan)
USD ::: Unemployment Rate (Jan)
The market is expecting on Friday a red number for the US Nonfram Payrolls event, as a decrease in the number of employed people in the US during the previous month, excluding the farming industry, which might reflect a slowdown in the economic activity.
It's when the market might start correcting after a long bullish US Dollar wave.
No comments:
Post a Comment