Weekly Market Forecast Oct 06 2014

Let’s take a quick look at the most important data for next week : 

1- Canadian vey PMI (Sep) ,  Monday at 14:00 . we have 3 scenarios for the CAD :

  • Between (50.9 : 55.0 ) will bring sideways move for the CAD.
  • Above  (55.0) , will bring bullish move for the CAD.
  • Below (50.09 ) , will bring bearish move for the CAD.

2- RBA Interest Rate Decision (Oct) , Tuesday at 03:30 . we have 3 scenarios for the AUD : 

  • Leaving the rate unchanged  (2.50%) will keep the pair under pressure ( It might spike to the upside before collapsing ! )
  • A cut below (2.50%) will bring strong bearish move for the AUD.
  • An increase above (2.50% ) will bring strong bullish move for the AUD.

3- UK Manufacturing Production (MoM) (Aug) , Wednesday at  08:30 , we have 3 scenarios for the GBP : 

  • Between (0.1 % : 05%) will bring sideways move for the GBP .
  • Above (0.5%) will bring bullish move for the GBP.
  • Below (0.1%) will bring bearish move for the GBP.

4- AUD Employment Change (Sep) . Wednesday at 00:30 . we have 3 scenarios for the AUD : 

  • A reading between ( – 30.0 K  : 120.0 K ) will bring sideways move the AUD.
  • A reading below ( – 30.0 ) will bring bearish move for the AUD .
  • A reading above the ( 120.0) will bring bullish move for the AUD.

5- BoE Interest Rate Decision (Oct) , Wednesday at 11:00 . We have 3 scenarios for the GBP : 

  • Leaving the rate unchanged  (0.50%) will keep the pair under pressure ( It might spike to the upside before collapsing ! )
  • A cut below (0.50%) will bring strong bearish move for the GBP.
  • An increase above (0.50% ) will bring strong bullish move for the GBP.

6- Canadian Employment Change (Sep) , Friday at 12:00 , we have 3 scenarios for the CAD : 

  • A reading between ( – 11.0 K : 30.0 K ) will bring sideways move for the CAD.
  • A reading below ( ( -11.0 K ) will bring bearish move for the CAD .
  • A reading above the ( 30.0 K ) will bring bullish move for the CAD.

* All Times Are GMT.

The’s all for now , rest of DATA will be discussed during the next week !!!! so stay tuned !!!

MARKET DATA

UPCOMING ECONOMIC EVENTS

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