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Forex Daily Forecast 02 Sep 2015

Market Research

Forex Daily Forecast 02 Sep 2015

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1282
Expected Target 1.1246

Alternate Scenario:
Buy Above 1.1319
Expected Target 1.1355

Events:
Spanish Unemployment Change release on 07:00 GMT by European Union
ADP Nonfarm Employment Change (Aug) release on 12:15 GMT by US

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GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.5308
Expected Target 1.5326

Alternate Scenario:
Sell Below 1.5290
Expected Target 1.5272

Events:
Construction PMI (Aug) release on 08:30 GMT by UK
Nonfarm Productivity (QoQ) (Q2) release on 12:30 GMT by US

AUDUSD INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 0.7014
Expected Target 0.7046

Alternate Scenario:
Sell Below 0.6982
Expected Target 0.6950

Events:
AIG Services Index release on 23:30 GMT by Australia
Unit Labor Costs (QoQ) (Q2) release on 12:30 GMT by US

USDJPY INTRADAY : Probable Upside

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Preferred Trade:
Buy Above 119.988
Expected Target 120.755

Alternate Scenario:
Sell Below 119.222
Expected Target 118.455

Events:
ISM NY Business Conditions (Aug) release on 13:45 GMT by US
Foreign Investments in Japanese Stocks release on 23:50 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1137.24
Expected Target 1134.25

Alternate Scenario:
Buy Above 1140.24
Expected Target 1143.23

Events:
Crude Oil Inventories release on 14:30 GMT by US

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XTIUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 44.74
Expected Target 45.31

Alternate Scenario:
Sell Below 44.17
Expected Target 43.60

Events:
EIA Weekly Distillates Stocks release on 14:30 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesnt bear any
responsibility for any trading losses that might incur as a result of using this analysis/report.

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advised to invest in the Forex trading. The Trader should be capable of withstanding the high degree of leverage which may hit the account heavily. Forex
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