Daily Market Forecast Oct 03 2014

Forex skfybb
Forex skfybb

Tomorrow we have  a lot of  important data :

1- UK Services PMI at 08:30 , we have 3 scenarios for GBP :

  • A reading between ( 59.1 : 61.9 ) will bring sideways move for GBP.
  • A reading below (59.1 ) will bring bearish move for the GBP.
  • A reading above (61.9) will bring limited gains  for the GBP.

2- US Nonfarm Payrolls at 12:30 , we have 5 scenarios for USD : 

  • A reading between ( 180 k – 250 k ) will bring sideways move for the USD .
  • A reading between ( 250 k – 285 k ) will bring light bullish move for the USD.
  • A reading above the ( 285 K ) will bring strong bullish move for the USD.
  • A reading between ( 140 k – 180 K ) will bring light bearish move for the USD.
  • A reading below (140 k ) will bring strong bearish move for the USD..

3- US Unemployment Rate at 12:30 , we have 2 scenarios for USD :

  • A reading below (6.1%) will bring bullish move for the USD .
  • A reading above (6.1%) will bring bearish move for the USD.

4- US ISM Non-Manufacturing PMI at 14:00 , we have 5 scenarios for USD :

  • A reading between ( 57.4- 59.6 ) will bring sideways move for the USD .
  • A reading between ( 59.6- 60.7 ) will bring light bullish move for the USD.
  • A reading above the (60.7 ) will bring strong bullish move for the USD.
  • A reading between ( 57.4 – 56.3 ) will bring light bearish move for the USD.
  • A reading below ( 56.3 ) will bring strong bearish move for the USD..

* All Times Are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS