Forex Market Outlook 3/6/2019

AUDUSD has gained 0.2% in the last session the ATR sinks into the low volatility level.

EURUSD edged down 0.2% the ATR is showing low volatility in the short term.

Crude oil has bounced 1.2% in the last session the ATR remains in the overbought area.



US ADP Employment Change will be released at 13:15 GMT.

US MBA Mortgage Applications at 12:00 GMT.

US Trade Balance at 13:30 GMT.

US Factory Orders at 15:00 GMT.

Canadian BOC Interest Rate Decision at 15:00 GMT.

US EIA Crude Oil Stocks change at 15:30 GMT.


The Dollar rose on traders bets that China and the United States are moving closer to a trade deal.

Volkswagen has signed German start-up ego mobile as the first external partner for its modular platform for electric vehicles.

Gold has declined for three successive days as the safe havens take a hit from rising risk appetite.