THIS WEEK’S INDICATORS – Tailor Your Trading Strategy Today.
This article is originally referred from FXPrimus News.
After last week’s volatility, all eyes are on this week’s economic releases.
It is the week of the NFP!
First day of the week Monday is expected to be volatile with the following important economic releases from Australian retail sales, UK Manufacturing PMI, and US ISM Manufacturing PMI.
This will be an exciting day where the Reserve Bank of Australia is expected to hold it is cash rate at 1.5%, which will be followed by a rate statement which might hint to future changes in the bank’s monetary policy.
Will bring to the investors important data from the US including ADP non-farm employment change, and later during the day investors will be awaiting for the monthly FOMC minutes which will give the traders a valuable hint towards when will be the next rate hike.
The only important release will be the US unemployment claims.
Traders will be watching the much awaited NFP release which is expected to confirm whether there will be another soon-to-happen rate hike or not.
During the next week traders will be on standby awaiting further progress on how the EU will handle Britain’s request for pre-Brexit trade negotiations.
A harder European stance might mean a weaker Pound, while a soft stance might give some hope that Britain might retain some kind of access to the EU markets, and might lead to strengthening of the British Pound.
Original Source: FXPrimus News