We have two important events this week that may
move prices, the US Non-Farm Payrolls report, which coincides with the Average Hourly Earnings, the last report is
always more important than the US jobs report because it is more accurate in
terms of measuring the US economy's ability to add real market functions
Expectations for the jobs report to come
negative while expectations for average hourly profit to come positively
limited
But we have some notes on the movement of the
markets during this week and last week as follows
The EUR has moved in a sideways cross-negative
trend and is likely to rise at any moment
The GBP (despite all the problems surrounding
it) moved sideways and could rise at any moment
Gold moved sideways against Dollar Euro with
positive signs of gold performance all the time despite the decline for several
sessions
AUD started to gain strength during last week's
and this week
CAD has maintained its trading range within the
tight range without being affected by the trade negotiations with America
Conclusion
The American economy is no longer the sole
determinant of the movement of international markets. It seems that the world
is tired of dancing on the sound of the American economy. There is a clear
tendency to form another form of economic system to preserve the interests of
big countries away from American blackmail.
The new wave appears to be supported by China
and Russia, and looks clear in currencies related to commodities such as oil
(in the case of Canada), gold (in the case of Australia) and the basket of
Asian products (in the case of New Zealand)
Therefore, we can trade technically without
stopping the activities waiting for results coming from USA
Also be noted that the dollar index is also
still moving in the range of not exceeding the 97 does not retreat to 91 for
many months
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