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Forex News This Week for USD + GBP 4th March - 8th March


Tuesday 5th March

USD ISM Services PMI @ 3.00pm

Forecast: 52.9

5th February USD ISM Services PMI

Monday 5th February

Forecast: 52.0

Actual: 53.4 (Better than expected)

 

XAUUSD

Gold dropped 67 pips then retraced the move



Trend - Bearish and continued


Scenarios

Actual/Better(higher) - Gold Sells

Worse (lower) - Gold Buys


 

Wednesday 6th March

USD ADP @ 1.15pm

Forecast: 145K

31st January USD ADP

Wednesday 31st January

Forecast: 148K

Actual: 107K (Worse than expected)

 

XAUUSD

Gold pushed up 39 pips on the news

 


Trend - Bearish, bullish pull back


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys


 

USD JOLTS Job Openings @ 3.00pm

Forecast:8.90M


30th January USD JOLTS

Tuesday 30th January

Forecast: 8.73M

Actual: 9.03M (Better than expected)

 

*Same day as ISM Manufacturing PMI


XAUUSD

Gold dropped 170 pips on the news

 Trend - Bearish with a bullish pull back


Scenarios

Actual/Better(higher) - Gold Sells

Worse(lower) - Gold Buys


 

Friday 8th March

USD NFP/Unemployment Rates @ 1.30pm

Forecast: 190K/3.7%

2nd February USD NFP

Friday 2nd February

Forecast: 187K/3.8%

Actual: 353K/3.7% (Better than expected)

 

XAUUSD

Gold dropped 200 pips on the news

 



Trend - Bearish and continued


Scenarios

Actual/Better (higher) -Gold Sells

Worse (lower) - Gold Buys

 


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