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Week Ahead October 2 – 6

市场新闻

Week Ahead October 2 – 6

EURUSD pair closed last week’s trading session lower on persisting US Dollar strength. The better than expected US economic releases boosted demand for US Dollar. From the euro side, the dovish comments from ECB’s officials and the lower than expected CPI, erased any chances for a rate hike in October and this weighted negative on Euro. By the end of the week the pair experienced a sharp reversal on the upside recovering some lost ground. This might be due to some profits taking positions and a correction after pair entered an oversold territory.

As for this week traders and investors will be focus on the US non farm payroll and on FED’s and ECB’s officials’ speeches. The heavy economic calendar from both the US and The EU will generate some volatility that will give the chance to traders, to re-assess their positions.

On the economic calendar we have on Monday, the US ISM Manufacturing PMI pointing higher at 47.9 On Wednesday, European retail sales expected at -0.5% the US ADP employment expected to show an additional 140K new jobs and ISM services PMI lower at 53.6 On Friday, US non farm payroll expected to show an additional 158K new jobs.

Technically the picture is negative after last week’s lower close at 1.0575 In this week’s trading session if pair continues on the downside and break below (100%) level could accelerate losses and test 1.0400  If resumes on the upside and break and close above 1.0800 (61.8%) will change the picture back to neutral and could open the road for 1.0890 (50%) Our traders trigger stop losses to all their positions and are now sitting on the side in search of new levels. We are expecting new long positions at 1.0500 and short sellers at 1.0900

 

欧洲货币基金组织技术委员会 4

 

GBPUSD pair closed last week’s trading session lower on persisting US Dollar strength. The better than expected economic releases in the US boosted demand for US Dollar. The lack of any high impact economic releases in the UK let the pair in the mercy of US Dollar. By the end of the week the pair experienced a sharp reversal on the upside recovering some lost ground. This might be due to some profits taking positions and a correction after pair entered an oversold territory.

As for this week traders and investors will mostly focus on US non-farm payroll. And the speeches from FED’s officials. Once again, the pair will be trade on the mercy of US Dollar on the lack of any economic releases in the UK.

On the economic calendar we have on Monday, the US ISM Manufacturing PMI pointing higher at 47.9 On Wednesday, the US ADP employment expected to show and additional 140K new jobs and ISM services PMI lower at 53.6 On Friday, US non farm payroll expected to show an additional 158K new jobs.

Technically the pair is negative after last week’s close below at 1.2200 As for this week, if pair resumes on the upside, will need to break and close above 61.8% to change the picture back to neutral. Alternative, if continues on the downside, and breaks below 1.2113 will open the road for 1.2000 Our traders are sitting on the side and waiting for new technical level before entering into new positions. We are expecting new long positions at 1.2200 and new short positions at 1.2500

 

巴比伦科技4

 

更详细的经济日历事件,请访问我们的实时经济日历。 

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

*本资料不包含任何金融工具的交易要约或交易招揽。Ten.trade对可能使用这些评论以及由此产生的任何后果不承担任何责任。 没有代表 对这些信息的准确性或完整性不做任何保证。因此,任何根据这些信息行事的人完全是在 自己的风险.差价合约是杠杆产品。差价合约交易可能不适合每个人,并可能导致你失去所有的投资资本,所以请确保你完全了解其中的风险。

 

 

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