USD : NFP REALEASE. BULLISH

PAIR: AUD/USD SHORT TERM TREND: BEARISH


I believe that the USD will continue its bullish trend over the short term as the Non-farm Payroll data release on Friday showed a gain of 295k against the 240k economics forecast and the unemployment rate dropped to 5.5% from 5.7%. Although there was a disappoint in the wage growth but that will not have effect on the bullish USD.

EUR: DRAGHI SHOW. BEARISH

PAIR: EUR/CHF SHORT TERM TREND : BEARISH

The Eur-ozone implementation of the long awaited quantitative easing will start on the 9th of march.I remain bearish on all euro pairs . ECB said that they will be buying bonds even the once yielding a negative returns and we expect the program to last till end of next year or even beyond, depend on the performance of the euro-zone economy.

GBP: BEARISH

PAIR GBP/AUD SHORT TERM TREND : BEARISH

I believe the election uncertainty will effect the pair. Due to the bank of England stand out I will continue to go short.


FOREX MARKET MOVERS THIS WEEK


NZD RATE DECISION:

NZD/USD SHORT TERM TREND : BEARISH
The central bank of new zealand will release there official rate on Wednesday 11th march at 20:00 GMT.Economist forecast for the rate is 3.5%. The governor of the RBNZ has been against the bullish trend of the NZD, so I believe going short on the NZD/USD might pay out.


AUD EMPLOYMENT DATA:

GBP/AUD SHORT TERM TREND: BEARISH

Release date Thursday 12th march at 00:30 GMT. Economist forecast that the labor market will expand by 15k will unemployment will remain steady at 6.4%. I believe that this will help my bearish view on GBP/AUD.

CAD EMPLOYMENT DATA:

USD/CAD SHORT TERM TREND : BULLISH

Release date Friday 13th march at 12:30 GMT.
Canadian unemployment rate is expected to increase to 6.7% from 6.5%. I believe going short on the pair will be a good idea.
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