What you need to know before start trading today.
This article is originally referred from FXPrimus News.
Today’s Important Indicators
There was lots of news this week for traders to digest, however there is still a lot of impact that is going to be felt from NFP Friday.
The CAD should get a lot of attention with the interest rate decisions and with the policy report expected to be positive the CAD may see some heavy buyers.
The AUDUSD has been in bumpy 200 pip range for nearly 2 1/2 months, perhaps this range will be broken with their jobs report.
Today’s Forecast for Important Trading Indicators
|Time in GMT||Country||Indicators||Expected Numbers||Previous|
|08:30||EUR||Sentix Investor Confidence||20.1||20.7|
|14:00||US||Labor Market Conditions Index m/m||–||1.3|
|20:10||US||Fed Chair Yellen Speech||–||–|
|23:01||GBP||BRC Retail Sales Monitor y/y||–||-0.40%|
Asian Session Market Movers
- The NFP on Friday did not disappoint as there was a lot of volatility and market momentum shifts by the end of it, the US weaker employment report was ignored and blamed on bad weather.
- The first day of the week Monday is expected to be quiet as there are no major economic releases, apart from Fed Chair Yellen speaking at 21:10 GMT.
- Tuesday should prove to be more exciting as we will have the highly anticipated UK inflation report. The Sterling has suffered a lot recently and a better than expected report might give it a necessary boost. We also have a key sentiment indicator out of Germany and this will surely to impact the EUR.
- Wednesday, will bring to the investors important data from Canada with their monetary policy report and Interest rate decision. The CAD has benefited greatly from rising oil prices. If this sentiment continues with the interest rate decision, markets are sure to react!
- On Thursday the shift will focus to the AUD as we have employment change and the unemployment rate which will definitely cause the market to move. The AUD has been somewhat disconnected as of late from the market, in terms of direction, perhaps this news will help get it back on track.
- On Friday, traders will be watching the US inflation report and retail sales, after last week’s NFP the market will continue to search for positive news to continue the dollar’s strength.
Original Source: FXPrimus News