What is to be expected in Week Six of 2018 - Forex | Currency Trading

Hello Everyone,

Hope everyone is having a fine day, as my first post I will walk you through with whats is to be expected in the coming week of Forex. If you have been following Forex for last couple of week you might know EURUSD has been making some progress with continuous higher highs because 2018 employing is headed toward a solid begin, with nonfarm payrolls developing by a superior than-anticipated 200,000 in January, as indicated by the Bureau of Labor Statistics. The joblessness rate stayed unaltered at 4.1%, a 17-year low. Financial specialists studied by Reuters had anticipated that the US economy would include 180,000 employments a month ago, up from 148,000 included December.

Solid residential and worldwide request are driving business, however the reviewed financial analysts discovered little proof that last year's expense update is boosting procuring. Let us look at the Economic Calendar Next week.

Time Currency Event Importance Actual Forecast Previous Alerts

Monday, February 5, 2018
15:00 USD ISM Non-Manufacturing/Services Composite (JAN) High 56.6 55.9
16:00 EUR ECB's Draghi in European Parliament in Strasbourg High

Tuesday, February 6, 2018
03:30 AUD RBA Cash Rate Target (6 FEB) High 1.50% 1.50%
21:45 NZD Unemployment Rate (4Q) High 4.7% 4.6%
21:45 NZD Employment Change (YoY) (4Q)High 3.6% 4.2%

Wednesday, February 7, 2018
20:00 NZD RBNZ Official Cash Rate (8 FEB) High 1.75% 1.75%
21:00 NZD RBNZ's Spencer news conference on policy statement High
22:20 USD Fed's Williams Speaks in Hawaii High

Thursday, February 8, 2018
00:00 NZD RBNZ's Spencer at Parliament Select Committee High
09:00 AUD RBA Governor Lowe Gives Speech in Sydney High
12:00 GBP Bank of England Bank Rate (8 FEB)High 0.50% 0.50%
12:00 GBP BOE Asset Purchase Target (FEB) High 435b 435b
12:00 GBP Bank of England Inflation Report High
19:00 MXN Overnight Rate (FEB 08) High 7.50% 7.25%

Friday, February 9, 2018
01:30 CNY Consumer Price Index (YoY) (JAN) High 1.50% 1.8%
13:30 CAD Net Change in Employment (JAN) High 10.0k 78.6k
13:30 CAD Unemployment Rate (JAN) High 5.8% 5.7%

Saturday, February 10, 2018
CNY New Yuan Loans CNY (JAN) High 2050.0b 584.4b

DailyFx. (2018). Economic Calendar. [online] Available at: https://www.dailyfx.com/calendar?ref=SubNav [Accessed 4 Feb. 2018].

These are the most Important events scheduled for the week. Also, I will walk you through technical analysis of the currencies to get an Idea about the maket behaviour last week.

investing.com. (2018). Technical Analysis Custom Quotes - Investing.com. [online] Available at: https://www.investing.com/technical/personalized-quotes-technical-summary?utm_source=email&utm_medium=tech&utm_campaign=CTA [Accessed 4 Feb. 2018].

Please let me know if this post will help you trade better next week and looking forward to post more content with the trading station in future ! Keep tuned in for more content.

Best luck for the all trader out there for the coming week.