AdamRidwan replies to: Pivot Trading

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Weekly Analysis

Mon 4/06/18

AUD
Retail Sales m/m 0.3% vs 0%
Company Operating Profits q/q 3.1% vs2.2%

GBP
Construction PMI 52 vs 52.5

Avoid GA pair and focus on AU which may continue to move north. Keep an eye on EA pair, price may move further south if AU result is printed green and there may be good buying opportunity at key structure.

Tue

GBP
MPC Member Tenreyro Speaks
Services PMI
MPC Member Cunliffe Speaks

AUD
Current Account
Cash Rate
RBA Rate Statement

This time is unlikely to be different with Phillip Lowe and his colleagues expected to hold the Cash Rate at 1.50%. The RBA has recently raised its growth forecasts but remains in rush to increase rates.

CAD
Labor Productivity q/q
May not be a mover.

EUR
ECB President Draghi Speaks

USD
ISM Non-Manufacturing PMI 57.9 vs 56.8

NZD
GDT Price Index

Avoid EU pair as Italy issue and the Trump Administration implemented tariffs on Canada, Mexico, and the EU which sparked anger and retaliatory tariffs. This also weighs on markets and is set to continue looming in the upcoming week.

WED

EUR
German Buba President Weidmann Speaks

AUD
RBA Assist Gov Bullock Speaks
GDP q/q 0.8% vs 0.4%

GBP
MPC Member Tenreyro Speaks

CAD
Trade Balance
Building Permits m/m
Crude Oil Inventories

Watchlist for EN, NC and JPY cross pair

Thur

GBP
MPC Member McCafferty Speaks
MPC Member Ramsden Speaks

AUD
Trade Balance

GBP
Halifax HPI m/m

USD
Unemployment Claims

CAD
BOC Gov Poloz Speaks

Maintain same focus as Wed

FRI

CAD
Employment Change
Unemployment Rate

Take profit for CAD pair before the result, as of now CAD currency is considered weak, and the above result if is green may give some strength to it.

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