{"id":67444,"date":"2015-02-01T14:27:48","date_gmt":"2015-02-01T19:27:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=67444"},"modified":"2015-02-01T14:35:38","modified_gmt":"2015-02-01T19:35:38","slug":"the-week-ahead-rba-on-tuesday-non-farm-payrolls-on-friday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/02\/the-week-ahead-rba-on-tuesday-non-farm-payrolls-on-friday\/","title":{"rendered":"The Week Ahead: RBA On Tuesday, Non-Farm Payrolls on Friday"},"content":{"rendered":"<div id=\"inves-3578713142\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 1, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Analysis by <a href=\"http:\/\/growthaces.com\">http:\/\/growthaces.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/twa_01022015.png\" alt=\"Forex - Economic Forecasts\" width=\"676\" height=\"943\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>EUR\/USD<\/strong><\/p>\n<ul style=\"text-align: justify;\" type=\"disc\">\n<li>We expect EUR\/USD to rise gradually next week. In our opinion <strong>the reaction to last-week FOMC statement was too strong, as in our opinion the Fed\u2019s rhetoric was rather neutral than hawkish.<\/strong><\/li>\n<li>Some macroeconomic figures from the Euro zone are scheduled for this week \u2013 <strong>final PMIs, factory orders and industrial production in Germany<\/strong>. Better-than-expected readings will be supportive for the common currency. Moreover, our forecasts for <strong>U.S. ISM manufacturing and non-manufacturing<\/strong> are slightly\u00a0 below the market consensus. The main event of the week is the release of <strong>Non-farm payrolls<\/strong> on Friday and our forecast is also slightly below the market consensus. That is why we keep our long position on the EUR\/USD.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>GBP<\/strong><\/p>\n<ul style=\"text-align: justify;\" type=\"disc\">\n<li><strong>The Bank of England makes its decision on interest rates on Thursday but the meeting should be rather a non-event.<\/strong> The MPC is widely expected to leave the bank rate at 0.5%. The inflation report (February 12) will be much more interesting for investors.<\/li>\n<li><strong>We expect Britain\u2019s January PMIs to show a rise in economic activity which should be GBP supportive.<\/strong> Our short- and medium-term outlook for the GBP\/USD is slightly bullish.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>AUD<\/strong><\/p>\n<ul style=\"text-align: justify;\" type=\"disc\">\n<li>This will be very important week for the AUD traders. A higher-than-expected reading on core inflation released last week prompted the market to pare back chances of an interest rate cut. However, the expectations for monetary easing strengthened again after the RBNZ\u2019s turn towards a more dovish stance.<\/li>\n<li><strong>A cut by 25 bps on Tuesday cannot be excluded but it is not our baseline scenario<\/strong>. We expect the RBA to reiterate that \u201cthe Australian dollar remains above most estimates of its fundamental value.\u201d We stay sideways on the AUD\/USD and will be hunting for attractive levels to get long.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>CAD<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align: justify;\">There has been only one direction for the USD\/CAD since the Bank of Canada surprised markets by cutting rate on January 21. Statistics Canada showed that the economy unexpectedly shrank by 0.2% in November and the USD\/CAD jumped again.<\/li>\n<li style=\"text-align: justify;\"><strong>We will watch the employment report this week. Weaker data may push the USD\/CAD even near 1.3000.<\/strong><\/li>\n<\/ul>\n<p>Source: <a href=\"http:\/\/growthaces.com\">Forex Signals<\/a><\/p><div id=\"inves-2346290561\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysis by http:\/\/growthaces.com &nbsp; EUR\/USD We expect EUR\/USD to rise gradually next week. In our opinion the reaction to last-week FOMC statement was too strong, as in our opinion the Fed\u2019s rhetoric was rather neutral than hawkish. Some macroeconomic figures from the Euro zone are scheduled for this week \u2013 final PMIs, factory orders and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-67444","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=67444"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}