Fundamental Freddie - 2014-03-02 538x218

Fundamental Freddie Weekly Report – 2-Mar-14

Clear enough?

Better Non-Farm Payroll (NFP) figures (there are expected to have been 151,000 more people employed last month than previously (in the non-farming industry)) should be GOOD news for the US Dollar and any figure worse than expected should be BAD news for the US Dollar.

Also watch out for the Interest rate statements due out next week, AUD, CAD, EUR & GBP. There is an outside chance of a surprise in the AUD and/or GBP statements.

[notify_box font_size=”14px” style=”blue”]Good news for the US Dollar (better than expected NFP figures) means you should expect USDJPY to move UP and GBPUSD to move DOWN – And vice versa.[/notify_box]

Note: Be cautious of holding positions next weekend as Chinese Trade balance data is announced on Saturday.

This Weeks News

As always, here is a list of the major news events for the week ahead (source = Forex Factory):

Fundamental Freddie - 2014-03-02 - Calendar

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