Here’s again the upcoming news overview, and as usual I’ll be providing more detailed analyses for each of the news listed below just a day prior to their respective release schedules.
1. August 30, 2010 9:30pm EDT – AU Retail Sales
2. August 31, 2010 8:30am EDT – CA GDP m/m
3. August 31, 2010 9:30pm EDT – AU GDP q/q
4. September 1, 2010 4:30am EDT – UK Manufacturing PMI
5. September 1, 2010 8:15am EDT – US ADP NFP
6. September 1, 2010 10:00am EDT – US ISM Manufacturing PMI
7. September 2, 2010 7:45am EDT – EU Interest Rate
8. September 3, 2010 8:30am EDT – US NFP Employment
…and some untradable releases….
- August 31, 2010 2:00pm EDT – US FOMC Meeting Minutes – This is probably a no trade as most everry has been covered in the FOMC Statements.
- September 2, 2010 3:15am EDT – CH Retail Sales – CHF is usually not affected by the outlook of its fundamentals, but by risk sentiment.
- September 2, 2010 8:30am EDT – EU Trichet Press Conference – I’ll be providing a detailed analysis, but I don’t want to list this event as a tradable event because it requires advanced understanding of fundamentals…
- September 3, 2010 4:30am EDT – UK Services PMI – Since this is NFP Friday, I’ll only concentrate on NFP.
- September 3, 2010 10:00am EDT – US ISM Non-Manufacturing PMI – After NFP release at 8:30am, either this release is generally not tradable, or you should already be out of the market by now.
***
Since we’ve got ECB Rate decision and NFP scheduled on the same week, market should be revolving around the possible sentiment of these two releases. On one hand we could see some more bearish talks from Trichet, who disappointed the market by not showing any optimism over the recent EUR/USD level (above 1.32000), and I believe Trichet will once again talk down the possibility of resuming the exit strategy. On the other hand, EUR/USD has dropped over 600 pips and this may be the news catalyst needed to either push it below the 1.2600 or bounce it above the 1.30000.
In the U.S. front, I’ll be looking at ADP Release for some direction, but with Census hiring still lingering with 200K temporary workers to be fired in the next few months, it is likely to see confidence to remain low… However, the private jobs number is expected to rise somewhat, and that may add a bit of demand for the USD in the short term… we just have to wait and see…
Because of the possible conflict in market sentiments, I’d not make any weekly trend suggestions at this time. However, I’d be posting more analysis if and when I see a momentum developing.
Related posts:
- Upcoming Forex News Trade Forecast For August 1 ~ 5, 2011
- Upcoming Forex News Trade For August 8 ~ 12, 2011
- Upcoming High Impact Forex News For December 13 ~ 17, 2010
- Upcoming Signals Overview (June 13 ~ June 17, 2011)
- Upcoming News Releases Of the Week December 6 ~ 10, 2010
- Upcoming Signals Overview (March 21 ~ 25, 2011)
- Upcoming Forex News for May 23 ~ 27, 2011
- Upcoming Forex News for May 9 ~ 13, 2011
- Upcoming Forex News for February 28 ~ March 4, 2011
- Upcoming Forex News Trade For the Week of January 3 ~ 7, 2011
