fbMarket Opportunities | IFCM Turkey

Market Opportunities

GBPUSD: UK claimant count change report for April is an important event for the UK currency due May 18. There is a possibility the increase in the number of people claiming unemployment-related benefits during the previous month is bigger than expected – GBPUSD will be under bearish pressure.

USDIDX: Markit’s flash Manufacturing PMI report for the US is an important event in the May 17-21 wee...

GBPUSD: United Kingdom gross domestic product report for the first quarter is an important event for forex markets due May 12. There is a possibility the Office for National Statistics may report better than expected growth of UK economy in Q1 in light of recent progress in vaccination and positive data, which will be bullish for GBPUSD.

USDIDX: US Census Bureau retail sales report is an important...

GBPUSD: Bank of England interest rate decision in May is an important event for forex markets due May 26. There is a possibility the BOE may signal the outlook for the economy is improving in light of recent progress in vaccination and positive data, which will be bullish for GBPUSD.

USDIDX: US Bureau of Labor Statistics Non Farm Payrolls report is an important event in the May 3-7 wee...

USDIDX: Federal Reserve interest rate decision is an important event in the April 26-30 week. Federal Reserve Open Market Committee (FOMC) will hold its conference on April 28. In case the FOMC reasserts its easy monetary policy stance - the USDIDX will continue retreating.

EURUSD: Germany’s gross domestic product report for the first three months of 2021 is an important event for forex markets...

EURUSD: European Central Bank interest rate decision is an important event in the April 19-23 week. European Central Bank will hold a press conference on April 22. In case the ECB outlines any plans for tapering the quantitative easing measures in light of the recent rise in inflation expectations the EURUSD may get a boost. This will support the bullish sentiment for the pair.

GBPUSD: UK retail...

USDIDX: United States Retail Sales report for March is an important indicator in the April 12-16 week. The Census Bureau will release the Retail Sales report on April 15. In case the retail sales rises more than the forecast 4.7% -the USDIDX will continue rising. There is some likelihood the retail sales may grow less than the forecast, which will be bearish for US Dollar index.

USDCNH: China’s...

USDIDX: ISM United States Non-Manufacturing Purchasing Managers Index (PMI) report for March is an important indicator in the April 5-9 week. The Institute for Supply Management will release the Services PMI on April 5. In case the Services PMI rises further -the USDIDX will continue rising. There is some likelihood the Services PMI may decline from the February reading of 55.3, which will be bearish...

USDIDX: US non-farm payroll report for March is an important indicator in the March 29-April 2 week. Bureau of Labor Statistics will release the non-farm payroll on April 2. There is some likelihood the Non-Farm Employment Change may beat the February new jobs number of 379 thousand, which will be bullish for US Dollar index. In case the flash non-farm payroll declines - the USDIDX may decline.

AUDUS...

Key Events to Watch

EURUSD: Among indicators likely to move the forex market in the March 22-26 week is the Composite PMI reading for Germany for March. Markit will release the Composite PMI Flash reading on March 24. There is some likelihood the Composite PMI may beat the previous reading of 51.1, which will be bullish for EURUSD. In case the flash composite PMI declines - the EURUSD most likely will...

European Central Bank interest rate decision on March 11 is the key economic event of the March 8 - 12 week. The ECB meeting will be closely watched to see how еurо-zone's central bank policy makers respond to recent rise in inflation expectations while the COVID-19 restrictions act as a drag on global economy.