Main Scenario: As long as it stays over 1500, our main expectation is POSITIVE!
In addition, the 4-hour close above the 1520 level could further strengthen our expectations.
Target Expectation: 1511,00 – 1520,00 – 1529,00
Considerations Supporting The Scenario: Its course over the exponential moving average of 89 periods supports our gold positive expectation.
Alternative Scenario: In case of a 4-hour closing below 1500, the alternative expectation is NEGATIVE!
Alternative Target Expectation: 1492 – 1483 – 1470
MOST IMPORTANT NEWS OF THE WEEK:
- Non-Farm Employment, Average Hourly Earnings, Average Hourly Income and Unemployment Rate and Trade Balance from US,
- Trade Balance from Canada,
- Speech by FOMC Member Rosengren, George and Clarida,
- Speech by Fed Chairman Powell
THE MOST IMPORTANT DAY OF THE WEEK and ASSETS:
Global markets today focus on Non-Farm Employment and Average Hourly Earnings.
Let’s come after the most important days of the week to the most important assets of the week …
Taking into account the current news flows on Friday, EURUSD, USDJPY and GOLD may draw attention compared to other assets.