Market Reports for this Week

Market Reports for this Week

There are numerous market reports for this including one of the most volatile of the month, Non-Farm Employment Change. Although the first part of the week should be a rather calm day (with the exception of the potential impact of the Venezuelan elections), by Thursday the markets should heat up and then culminate with the Non-Farm Employment Change on Friday at 8:30am New York time.

Market Reports for this Week
Market Reports for this Week Getty Images

Market Reports for this Week

According to forexfactory.com, the highest volatile market reports for this week are:

Market Reports for this Week

In addition to the Royal Bank of Australia Rate Statement and Monetary Policy Statements, the Bank of England will also be issuing their Inflation Report, Official Bank Rate, and Monetary Policy Summary this week.

Potential key reversal bars, to the downside, have appeared on the weekly e-mini S&P 500 and e-mini Nasdaq.  This may fuel a downward move at least for the first part of the week.  On the lower timeframes, the key resistance levels are:

  • E-mini Nasdaq — key resistance level is at 5918
  • E-mini S&P 500 — key resistance area is at 2472.50

If these areas cannot be broken, then a downward move is very likely, especially with the stochastics being overbought on the weekly as well.

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