You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
GBP/USD Intra-Day Fundamentals: UK Services PMI and 39 pips range price movement
2016-03-03 09:30 GMT | [GBP - Services PMI]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - Services PMI] = Level of a diffusion index based on surveyed purchasing managers in the services industry.
==========
"The headline figure for the survey is the seasonally adjusted Markit/CIPS UK Services Business Activity Index, a single-figure measure designed to track changes in total UK services activity compared with one month previously. Readings above 50.0 signal growth of activity compared with the previous month, and below 50.0 contraction. The seasonally adjusted Business Activity Index fell to 52.7 in February, from 55.6 in January. This signalled the slowest rise in service sector activity since March 2013. Moreover, the Index was below its long-run trend level (since July 1996) of 55.2. Nevertheless, services output has risen continuously for 38 months, the second-longest sequence of expansion in the survey history."==========
GBPUSD M5: 39 pips range price movement by UK Services PMI news event :
EUR/USD Intra-Day Fundamentals: U.S. Jobless Claims and 22 pips range price movement
2016-03-03 13:30 GMT | [USD - Unemployment Claims]
if actual < forecast (or previous one) = good for currency (for USD in our case)
[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week.
==========
"A day before the release of the closely watched monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended February 27th.The report said initial jobless claims rose to 278,000, an increase of 6,000 from the previous week's unrevised level of 272,000."
==========
EURUSD M5: 22 pips range price movement by U.S. Jobless Claims news event :
USD/JPY Intra-Day Fundamentals: ISM Non-Manufacturing PMI and 22 pips range price movement
2016-03-03 15:00 GMT | [USD - ISM Non-Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - ISM Non-Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry.
==========
"The report was issued today by Anthony Nieves, CPSM, C.P.M., CFPM, chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee. "The NMI® registered 53.4 percent in February, 0.1 percentage point lower than the January reading of 53.5 percent. This represents continued growth in the non-manufacturing sector at a slightly slower rate. The Non-Manufacturing Business Activity Index increased to 57.8 percent, 3.9 percentage points higher than the January reading of 53.9 percent, reflecting growth for the 79th consecutive month at a faster rate.The headline figure for the survey is the seasonally adjusted Markit/CIPS UK Services Business Activity Index, a single-figure measure designed to track changes in total UK services activity compared with one month previously. Readings above 50.0 signal growth of activity compared with the previous month, and below 50.0 contraction. The seasonally adjusted Business Activity Index fell to 52.7 in February, from 55.6 in January. This signalled the slowest rise in service sector activity since March 2013. Moreover, the Index was below its long-run trend level (since July 1996) of 55.2. Nevertheless, services output has risen continuously for 38 months, the second-longest sequence of expansion in the survey history."==========
USD/JPY M5: 22 pips range price movement by ISM Non-Manufacturing PMI news event :
What’s Expected:
Why Is This Event Important:
With the U.S. economy approaching ‘full-employment,’ signs of sticky wage growth may encourage the FOMC to implement higher borrowing-costs over the coming months as Chair Janet Yellen remains confident in achieving the 2% inflation-target over the policy horizon.
Nevertheless, waning business confidence accompanied by fears of a slowing recovery may drag on hiring, and a dismal NFP report may produce increased headwinds for the dollar as market participants push out bets for the next Fed rate-hike.
How To Trade This Event Risk
Bullish USD Trade: NFP Climbs 195K+ Accompanied by Sticky Wage Growth
- Need red, five-minute candle following the NFP print to consider a short trade on EUR/USD.
- If market reaction favors a bullish dollar trade, sell EUR/USD with two separate position.
- Set stop at the near-by swing high/reasonable distance from entry; look for at least 1:1 risk-to-reward.
- Move stop to entry on remaining position once initial target is hit; set reasonable limit.
Bearish USD Trade: U.S Employment Report Falls Short of Market Expectations- Need green, five-minute candle to favor a long EUR/USD trade.
- Implement same setup as the bullish dollar trade, just in the opposite direction.
Potential Price Targets For The ReleaseEURUSD Daily
- EUR/USD may continue to consolidate within the 2015
range following the failed run at the October high (1.1494), but the
pair stands at risk of facing near-term headwinds as market participants
anticipate the European Central Bank (ECB) to implement more
non-standard measures at the March 10 interest rate decision.
- Interim Resistance: 1.1510 (50% retracement) to 1.1520 (61.8% expansion)
- Interim Support: Interim Support: 1.0380 (78.6% expansion) to 1.0410 (61.8% expansion)
Impact that the U.S. Non-Farm Payrolls report has had on EUR/USD during the previous monthEURUSD M5: 133 pips range price movement by Non-Farm Employment Change news event:
EUR/USD Intra-Day Fundamentals: Non-Farm Employment Change and 68 pips price movement
2016-03-04 13:30 GMT | [USD - Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
==========
"Total nonfarm payroll employment increased by 242,000 in February, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services. Job losses continued in mining."
==========
EURUSD M5: 68 pips price movement by Non-Farm Employment Change news event :
Gold Rallies Despite Stronger-Than-Expected U.S. Jobs Data (based on the article)
Forex Weekly Outlook March 7-11 (based on the article)
Haruhiko Kuroda and Stephen Poloz speak, rate decision in Canada, New Zealand and the Eurozone and Employment data in the US and Canada. These are the main events on Forex calendar.
Week Ahead by Crédit Agricole (the article)
What we are watching:
Weekly Fundamentals (adapted from the article)
GBPUSD - "The broader outlook for GBP/USD remains tilted to the downside as the BoE lags behind its U.S. counterpart, and the pair may continue to carve a long-term series of lower highs & lows as the threat of an EU exit dampens the fundamental outlook for the U.K".
USDJPY - "The Bank of Japan will look at market developments with great interest at its March 15 meeting, and much would need to change between now and then to make fresh BoJ policy action likely. It is nonetheless clear that much could change between now and then. Whether or not the Yen resumes its uptrend may very well depend on market reactions to the ECB and other key events in the week ahead."
AUDUSD - "Beijing pre-announced a lower GDP growth target, setting a range of 6.5 to 7 percent as the objective. Premier Li Keqiang likewise offered broad outlines of a broad range of initiatives. The most directly significant items for Australia seem to be efforts to cut over-capacity in coal and steel, both of which are central to the country’s China-oriented mining industry. Details on this and a host of other policy changes will be closely watched for their knock-on effects on Australian growth and, by extension, on RBA policy trends."
NZDUSD - "NZ 10yr Government Yields have declined from 3.617% in mid-December toward 2.901 this week. Given the data, it will be worth watching a move higher in yields that could signal a move of risk-on that may continue to lift up the NZD alongside an increasingly confident and stable RBNZ."
XAUUSD - "The simple removal of a bit of that emergency policy created risk aversion around the world that brought on questions of a globalized-coordinated recession. Sure, stock prices are still elevated, but how confident should one feel being invested in equities right now? Bond yields are pitifully low after six years of ZIRP, and any duration taken on will get absolutely crushed in a rising rate environment. And most Central Banks are actively looking to deflect capital flows. So where is an investor to go."
All the charts were made by using Metatrader 5 with free indicators from CodeBase.
Technical Targets for EUR/USD by United Overseas Bank (based on the article)
EUR/USD: Ranging on reversal
Daily price is located within 100-day SMA and 200-day SMA waiting for the direction of the trend to be started.
RSI indicator is estimating the ranging trend to be continuing.