April 7, 2017

FXPRIMUS, Full of Economic News Release today! What to expect in the market?

Today’s Important Indicators.

This article is originally referred from FXPrimus News.

The Airstrike has cast some shadow over today’s major news events, but we should expect them to focus more when the time approaches.

Major news today is UK Manufacturing Production, CAD employment Data, US Non-Farm Payrolls.

Today’s Forecast for Important Trading Indicators

 Time in GMT Country Indicator Expected Previous
09:30 UK Manufacturing Production 0.3% -0.9%
13:30 US Non-Farm Payrolls 174k 235k
13:30 US Unemployment Rate 4.7% 4.7%
13:30 CAD Unemployment Rate 6.7% 6.6%

Asian Session Market Movers

  • Before news of the missile strike was released, data and market movement was very minimal and subdued. Japanese wages data for February and the Australian ‘construction’ PMI had a very small impact in terms of moves. The BOJ bought JGBs again today, the amounts bought were the same as in the previous operation.
  • USDJPY is moving lower in anticipation of investors pouring into safe havens after the attack on a Syrian airbase. The pair moved down to a low of 110.12. The low in March based at 110.10. Even though it is lower, the market is not maintaining a strong momentum.
  • EUR/USD managed a very small gain but gave it all back. USD/CHF popped very briefly above 1.0055 but soon slipped down. AUD/USD lost ground as the missile news hit, but the move out of ‘risk’ was small, AUD/USD from around 0.7540 to lows under 0.7520 only.
    Buyers of precious metals helped the price of gold surge on the back of the US airstrike against Syria. The price moved from a low of $1250.65 to a high of 1269.53. The price move helped gold get above the 200 day MA at the 1258.57 level.  This was the first significant break above since the November election day.

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Original Source: FXPrimus News

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