Forex Weekly Outlook Feb 29-Mar 4 Rate decision in Australia, GDP data from Canada and Australia, Manufacturing PMI and Trade balance in the US as well as important employment data, including the monthly US jobs report. These are the highlights for this week. Australian rate decision: Tuesday 3:30. Economists still believe the RBA will cut rates in the coming months.Canadian GDP data: Tuesday, 13:30. Canadian GDP is ...
Monthly price is on breakdown with possible bearish reversal: the price is breaking Ichimoku cloud on open monthly bar together with descending triangle pattern for the breakdown to be continuing with the possible reversal of the price movement from the primary bullish to the primary bearish market condition. The price is ranging within the following key support/resistance lines: 195.86 key resistance level located above Ichimoku cloud in the the bullish area of ...
Next Week's February NFP by BofA Merrill "In the February employment report, we anticipate a pick-up in the pace of nonfarm payroll growth to 175,000, with government payrolls accounting for 5,000.""We look for the unemployment to hold steady at 4.9%. It will be interesting to see if the labor force participation rate continues to increase, following the uptrend over the prior four months. If so, this could reflect some discouraged ...
Week Ahead: High volatility, limited GBP downside, the JPY lower, and more What we’re watching: USD – Next week’s PCE data will be key. Only a considerably weaker than expected outcome may lower rate expectations further. GBP – Growth data should become a more important currency driver anew. Hence next week’s GDP data will be closely watched. We see limited GBP downside risk from the current levels. ...
Why Most Investors Hate Gold "We’ll be blunt: most financial asset investors really hate gold. Anything – even leaving money in the bank – is better than owning gold since at least society has access to your capital through the banking system. Once you buy physical gold, no one has access to that sliver of your portfolio." "First, when the S&P 500 drops 5% or more in one day. Second, when the CBOE VIX Index tops 40. And ...
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