Trends for Today by 03/02/2010

Market Notes:

The Forex market is on hold. Although AUD has started the day as a strongest currency and USD as a weakest, the change in all the pairs is miniature and can’t give us an obvious direction about the market. It seems like the forex market holds its breath before the fundamental data that starts today with ADP Non-Farm Employment Change estimations, continues tomorrow with interest rates and culminates on Friday with Non-Farm Employment Change.

Daily Trends & Charts

Watch the Fundamentals!(GMT time)

Friday– AU Interest Rate Decision: 3.75% vs. 4.00% exp.
US Pending Home Sales: 1.0% vs. 0.4% exp.

TODAY – AU Trade Balance: -2.25B vs. -2.36B exp.
UK Services PMI at 09:30.
US ADP Non-Farm Employment Change at 13:15.
US ISM Non-Manufacturing PMI at 15:00.
NZ Unemployment Rate at 21:45.

Tomorrow– AU Building Approvals at 00:30.
AU Retail Sales at 00:30.
Swiss Trade Balance at 07:15.
EU German Factory Orders at 11:00.
UK Interest Rate Decision at 12:00.
EU Interest Rate Decision at 12:45.
Canadian Building Permits at 13:30.
US Unemployment Claims at 13:30.
Canadian PMI at 15:00.

Good Day!!!
“Trends for today” is presented by Danny Spivak

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