FXStreet ::: Economic Calendar
TUESDAY, APR 07
AUD ::: RBA
Rate Statement
AUD ::: RBA
Interest Rate Decision
The US Dollar got weakened last Friday &
RBA hold the power this week to switch the direction of AUDUSD from bearish
to bullish if there is a will to give strength for AUD. RBA interest rate
decision is an event which can give the wave needed for AUDUSD to get close
to 0.805 resistance important level. In case RBA want to keep the AUDUSD
bearish then the market might dive and retest supports during this
event.
EUR ::: Markit
Services PMI (Mar)
The purchasing managers index from Europe will
reflect how the economy is adjusting with a weak Euro, in case the number
came in green then EURUSD might keep on advancing up profiting from a weak US
Dollar.
WEDNESDAY, APR 08
JPY ::: BoJ
Press Conference
JPY ::: BoJ
Monetary Policy Statement
Last Friday USDJPY went to 118 again after the
US Dollar got weak, & BOJ have the power this week to revive the big plan
of weakening the JPY for export reasons & we might see during this event
USDJPY retesting 120.00 resistance. In case USDJPY started a long term
correction we might see during this event USDJPY price moving side way
resisting the bearish momentum.
USD ::: FOMC
Minutes
US Dollar started last Friday the bearish
journey to revive export for US companies, & during this event we might
get some hints regarding the correction of the US Dollar if it might happen
very fast or it might be delayed again another month. On EURUSD chart we can
notice that EURUSD is showing serious signs of a correction up as a reaction
for the US Dollar weakness.
THURSDAY, APR 09
GBPUSD reached last Friday 1.49 & might
keep on advancing during this week up & on BoE interest rate decision
GBPUSD might get the push needed to strongly hold above psycho level 1.50 .
On the other hand if the BoE want to push GBPUSD more down for export reasons
we might see GBPUSD retesting supports during this news event.
FRIDAY, APR 10
CAD ::: Net
Change in Employment (Mar)
CAD ::: Unemployment
Rate (Mar)
USDCAD is currently correcting from last
resistance level 1.28 & right now at 1.24 & if news came in green
from Canada it's expected that USDCAD might continue the correcting momentum
by going more down. On the other hand in case the news came in red then
USDCAD might retest resistance levels.
GBP ::: NIESR
GDP Estimate (3M) (Mar)
GDP news release if came in green might give
GBPUSD the energy needed to start a long term bullish wave. On the other hand
if the number came in red then GBPUSD might dive and retest supports.
Happy Trading,
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