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Week Ahead April 3rd – 7th

Noticias del mercado

Week Ahead April 3rd – 7th

FUNDAMENTOS Y ASPECTOS TÉCNICOS DEL EUR/USD

 

Pair closed last week’s trading session higher on divergence between the two central banks. ECB’s officials on the one hand are keeping their hawkish tone, highlighting that high inflation is here to stay for long. On the other hand, FED’s officials are keeping a dovish tone as the inflation in the US stabilizes. The rally in the pair capped by the end of the week and pair retreated from its peak as many traders and investors took profit out of the market ahead of next week’s US non-farm payrolls.

As for this week, Traders and investors, will mainly focus on the non-farm payroll. A better than expected number will boost demand for US Dollar and trigger a selloff in the pair. A worst than expected could help the pair continue trading on the upside. There are not any scheduled speeches form either central banks during and week, so we are expecting the pair to be driven by the economic calendar releases.

On the economic calendar, we have on Monday the US ISM Manufacturing PMI pointing lower at 47.5 On Wednesday, US ADP Employment expected to add 200K new jobs and US ISM services PMI expected lower at 54.5 On Friday, Non-farm payrolls expected to show an additional 240K new jobs.

Technically the picture is positive after last week’s close above 38.2%. In this week’s trading session if pair continues on the upside and breaks above  23.6% could accelerate gains and re-test  1.0945 peak of last week’s   Alternatively, if pair resumes downside we are expecting to re-test 1.0700 Our traders have entered into short positions as of 1.0900 targeting profits at 1.0700 We are expecting more aggressive short sellers on the way up and new buyers to appear at 1.0700 (50%)

 

Eurusd Techicall

 

FUNDAMENTOS Y ASPECTOS TÉCNICOS DEL GBP/USD

 

Pair closed last week’s trading session higher on better than expected gross domestic product  from the UK. The divergence between the two central banks on their future rate decision is another factor that favors the pair and continues trade on the upside. After touching a multi month higher level on Friday the pair retreated lower mainly on some profit taking ahead of next week’s US non-farm payrolls.

As for this week traders and investors will focus on US non-farm payrolls. The better than expected number will boost demand for US Dollar and pair will continue on the downside. A worse than expected number will help the pair continue on the upside. The lack of any central banks’ officials will let the pair in the mercy of the economic releases from the mainly from the US.

On the economic calendar we have on Monday the UK Manufacturing PMI to remain unchanged at 49.3 and US Manufacturing PMI lower at 47.5 On Wednesday, US ADP employment expected to add 200K new jobs US ISM services PMI expected lower at 54.5 On Friday US Non-farm payrolls expected to add 240K new jobs

Technically the pair is positive after last week’s close above 23.6% level. As for this week if pair continues on the upside and break above last week’s peak of 1.2400 could open the road for 1.2500 Alternative if resumes the downside, and breaks below 23.6% will retest 38.2% Short sellers are standing between 1.2200 – 1.2400 targeting profits at 1.2000 we are expecting more aggressive short sellers on the way up and new buyers to appear around 1.2064 targeting profits above 1.2200

 

Gbpusd Techicall

 

Para conocer con más detalle los acontecimientos del calendario económico, visite nuestro calendario económico en directo en: 

http://tentrade.com/economic-calendar/

*El material no contiene ninguna oferta ni solicitud de transacción de ningún instrumento financiero. Ten.trade no se hace responsable del uso que pueda hacerse de estos comentarios ni de las consecuencias que de ello se deriven. Sin representación no se ofrece garantía alguna en cuanto a la exactitud o integridad de esta información. Por consiguiente, toda persona que actúe sobre la base de la misma lo hace por su propia cuenta y riesgo. su propio riesgo. Los CFD son productos apalancados. Las operaciones con CFD pueden no ser adecuadas para todo el mundo y pueden dar lugar a la pérdida de todo el capital invertido.

 

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