Here is the news schedule this week. There is a ton of high impact news events this week. This usually results in the market being very active and volatile during these news releases.
We have High Impact in Euro and Aussie Markets on Monday.
High Impact news events in the US market Tuesday morning with PMI, Jolts Job Openings and ISM manufacturing Prices at 945am and 10am respectively. There will also be medium impact news in the Euro markets Tuesday morning.
Wednesday we have ADP Non Farm Employment Change in the US Markets at 815am
Thursday the Swizzy ( Switzerland ) will have High Impact coming in during the London hours at 230am with their CPI release for anyone considering trading the Swizzy. Thursday’s premarket should be action packed with Unemployment Claims release at 830am followed by PMI at 945am and 10am
Friday we end the week with the biggest release and one that should not be traded unless you have built some experience and know what you are doing. That is 830am Non-Farm Employment Change or NFP, take note of this event it is one you want to very aware of when it shows up in your calendar.
There is also Employment Change and Unemployment Rate news releases coming out of Canada at 830am along with Average Hourly Earning and Unemployment Rate for United states at that same time. Later on that morning Fed Chair Powell will hold a press conference that will be high impact along with medium impact a little over a hour later at 1245pm.
Every week it is imperative to stay aware of these news releases and evens that will happen intra-day as they can provide opportunities to trade as well as they can be time of the day to steer clear because the traffic will begin to become muddy in preparation for these releases.
With that being said… I am looking for price to drop into the early week targets perhaps Monday or Tuesday.
From there I believe that price can become quite muddy with alot of back and forward motion. I believe price will be consolidated and building in liquidity as we await NFP on Friday!
I am looking to see if there is any support in that rectagular area in green.
If it smashed through that I have our long term targets still marked from last week.
I will be expecting that move. I have to revisit where we are at on Wednesday and then see if there is a need to switch gears!
