FXStreet ::: ECONOMIC CALENDAR
TUESDAY, MAY 05
AUD ::: RBA Interest Rate Decision
AUD ::: RBA Rate Statement
AUDUSD last week managed to reach the important level 0.8050, which showed us that the buyers are starting to switch sentiment from bearish to bullish. The market is expecting a decrease for RBA interest rate decision from 2.25% to 2.00% in case that happened we might see a wave of 150 or 200 pips on AUDUSD chart.
USD ::: ISM Non-Manufacturing PMI (Apr)
The market is expecting a decrease on this survey release from 56.5 to 56.2, & in case that happen the US Dollar might become weak during the hours which will follow this news release.
WEDNESDAY, MAY 06
NZD ::: Unemployment Rate (Q1)
The market is expecting a decrease from 1.2% to 0.8% & in case that happened NZDUSD might fall & currently its on 0.7538 level & this news event might let it fall 100 pips.
THURSDAY, MAY 07
GBP ::: Parliamentary Election
GBPUSD did fall last week from 1.54 to 1.51, & during the first 3 days of that week before the election day GBPUSD might get strength & push up on an attempt to retest 1.54 resistance level.
AUD ::: Employment Change s.a. (Mar)
AUD ::: Unemployment Rate s.a. (Mar)
The market is expecting an increase in unemployment number & in case that happened AUDUSD might fall during this news event.
FRIDAY, MAY 08
AUD ::: RBA Monetary Policy Statement
USD ::: Unemployment Rate (Apr)
USD ::: Nonfarm Payrolls (Apr)
The market is expecting an increase from 126K to 231K & in case that happened might be good for the US Dollar & majors might fall on that day versus the strength of the US Dollar.
CAD ::: Net Change in Employment (Apr)
CAD ::: Unemployment Rate (Apr)
USDCAD did correct from 1.27 to 1.21 during the last 4 months & it have space to jump up in case the US Dollar gain strength from a green NFP number & if Unemployment Rate number from Canada came in red, the last number was 6.8%.
Happy Trading,
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