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Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here´s the forecast:
7:30pm (NY Time) AU Employment Change Forecast 10.0K Previous -6.3K
AU Unemployment Rate Forecast 5.3% Previous 5.3%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
ECB (European Central Bank) will be rendering its rate decision today, and it will have a pivotal short term impact in the Euro dollar. However, it is widely believed that ECB will keep rate unchanged at 1.00%… Here´s the forecast:
7:45am (NY Time) EU ECB Rate Decision Forecast 1.00% Previous 1.00%
ACTION: EUR/USD SELL 0.75%
We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 150K Previous 120K
8:30am (NY Time) US Unemployment Rate Forecast 8.7% Previous 8.6%
ACTION: 220K BUY AUDJPY / 80K SELL USDJPY
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 18K Previous -18.6K
Unemployment Rate 7.4%
ACTION: EURCAD SELL 45K / BUY USDCAD -10K
The Trade Plan
The Canadian Employment Change report will be released at 7:00am sharp today. What I am looking for is a minimum deviation of around 25K, or the difference between the Forecast number (18K) versus the actual release number; if we get a positive 45K of release, we should see demand for the CAD rise, therefore we should SELL USD/CAD; however, if we get a negative deviation, such as -10K or worse, we should see some weakness in the CAD, and that will be my cue to BUY USD/CAD pair.
ECB (European Central Bank) will be rendering its rate decision today, and it will have a pivotal short term impact in the Euro dollar. However, it is widely believed that ECB will keep rate unchanged at 1.50%… Here´s the forecast:
7:45am (NY Time) EU ECB Rate Decision Forecast 1.25% Previous 1.25%
ACTION: EUR/USD SELL 1.00%
Australia Employment Change is similar to U.S. NFP (Nonfarm Payroll) and Canada Employment Change, this is an economic indicator for the Employment Changes in Australia, here´s the forecast:
7:30pm (NY Time) AU Employment Change Forecast 10.0K Previous 10.1K
AU Unemployment Rate Forecast 5.2% Previous 5.2%
ACTION: AUD/USD BUY 35.0K SELL -15.0K
We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s the forecast:
8:30am (NY Time) US NF Employment Forecast 120K Previous 80K
8:30am (NY Time) US Unemployment Rate Forecast 9.0% Previous 9.0%
ACTION: 190K BUY AUDJPY / 50K SELL AUDJPY
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