Forex Analysis: 9 Apr 2020, 07:28 UTC+00

Instaforex Daily Analysis - 9th April 2020

Today we take a look at NZDUSD and see how we are going to play the bounce!

We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today!


Performed by
analytical expert: Dean Leo
InstaForex Group © 2007-2020
 Published: 9 Apr 2020, 07:28 UTC+00


 
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Global economic calendar
only important events
Go to economic calendar page
Monday, 01 June 2020 
Time Country Indices Period Previous Reading Forecast Actual Reading Importance
23:50
 
Monetary Base May 2.3% 2.6% 3.9%
Low
Tuesday, 02 June 2020 
Time Country Indices Period Previous Reading Forecast Actual Reading Importance
01:30
 
Company Operating Profits 1 quarter -3.5% 0.0% 1.1%
Medium
01:30
 
Current Account 1 quarter 1.7bln 6.3bln 8.4bln
Medium
03:35
 
10-Year JGB Auction Jun -0.001%; 4.09 0.000%; 3.36
Low
04:30
 
RBA Interest Rate Decision Jun 0.25% 0.25% 0.25%
High
04:30
 
RBA Monetary Policy Statement
High
06:00
 
Nationwide House Price Index May 0.9% m/m; 3.7% y/y -1.0% m/m; 2.8% y/y -1.7% m/m; 1.8% y/y
Low
06:30
 
Retail Sales Apr -5.8% -4.9% -19.9%
Low
06:45
 
Gov Budget Balance Apr -52.5bln -92.1bln
Low
07:00
 
Unemployment Change May 282.9K 230.3K 26.6K
Low
07:30
 
SVME Purchasing Managers Index May 40.7 42.0 42.1
Low
08:30
 
M4 Money Supply Apr 3.2% m/m; 8.2% y/y 2.5% m/m 1.5% m/m; 9.5% y/y
Low
08:30
 
Mortgage Approvals Apr 56.1K 34.0K 15.9K
Low
08:30
 
Net Lending to Individuals Apr 1.0bln 1.7bln -6.9bln
Low
9:30
 
10-y Bond Auction Jun 0.261%; 3.19 0.260%; 2.75
Low
14:57
 
Global Dairy Trade Price Index Jun 1.0% 0.1%
Low
22:30
 
AIG Construction Index May 21.6
Low
23:00
 
PMI Manufacturing (CBA) May 25.5 25.5
Low
23:00
 
PMI Manufacturing (CBA) May 26.4 26.4
Low
23:01
 
BRC Shop Price Index May -1.7%
Low
Wednesday, 03 June 2020 
Time Country Indices Period Previous Reading Forecast Actual Reading Importance
00:30
 
Tertiary Industry Index May 25.3 25.3
Low
00:30
 
PMI Composite May 27.4 27.4
Low
01:10
 
RBA Assistant Governor Michele Bullock Speaks
Low
01:30
 
Gross Domestic Product 1 quarter 0.5% q/q; 2.2% y/y -0.4%q/q; 1.4% y/y
High
01:30
 
Building Approvals Apr -4.0% m/m; 0.2% y/y -10.8% m/m
Low
01:45
 
Markit Services PMI May 44.4 47.4
Medium
01:45
 
Markit Composite PMI May 47.6
Medium
05:45
 
Gross Domestic Product 1 quarter 0.3% q/q; 1.5% y/y -2.0%q/q; -0.9% y/y
Medium
07:15
 
PMI Services May 7.1 24.0
Low
07:15
 
Composite PMI May 9.2
Low
07:45
 
PMI Services May 10.8 26.2
Low
07:45
 
PMI Composite May 10.9
Low
07:50
 
PMI Services May 29.4 29.4
Low
07:50
 
Composite PMI May 30.5 30.5
Low
07:55
 
Unemployment Rate May 5.8% 6.2%
Medium
07:55
 
Unemployment Change May 373K 188K
Medium
07:55
 
PMI Services May 31.4 31.4
Low
07:55
 
Composite PMI May 31.4 31.4
Low
08:00
 
PMI Services May 28.7 28.7
Low
08:00
 
Unemployment Rate Apr 8.4% 9.2%
Low
08:00
 
Composite PMI May 30.5 30.5
Low
08:30
 
PMI Services May 27.8 27.8
Low
08:30
 
Composite PMI May 28.9 28.9
Low
9:00
 
PPI Apr -1.5% m/m; -2.8% y/y -1.5% m/m; -4.2% y/y
Low
9:00
 
Unemployment Rate Apr 7.4% 8.2%
Low
12:15
 
ADP Non-Farm Employment Change May -20236K -9500K
Medium
12:30
 
Labor Productivity 1 quarter -0.1%
Low
13:45
 
Final Services PMI May 36.9 36.9
Low
13:45
 
Composite PMI May 36.4 36.4
Low
14:00
 
Overnight Rate Jun 0.25% 0.25%
High
14:00
 
BOC Rate Statement
High
14:00
 
ISM Non-Manf. May 41.8 44.0
High
14:00
 
Factory Orders Apr -10.3% m/m; -3.7% m/m -15.0% m/m
Low
14:30
 
Crude Oil Inventories May 7928K
Medium
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