Canada ADP Non-Farm Employment Change: Wednesday, 12:30. Canada Employment Change for September sparkled last week, with a read of 378.2 thousand, crushing the estimate of 150.0 thousand. Will the ADP release also point to strength in the labor market?     CAD Canada ADP Non-Farm Employment Change EURUSD As could be seen on the chartRead more about 14 October 2020[…]

British Inflation: Wednesday, 6:00. UK inflation started the year with inflation of 1.8%, but it’s been all downhill since then. In May, inflation slowed to 0.5%, down from 0.8% beforehand. Another reading of 0.5% is expected in the upcoming release. Bank of Japan Rate Decision: Wednesday, Tentative. The Bank of Japan is expected to maintainRead more about 15 July 2020[…]

Nothing important for today!     EURUSD Update: All targets were hit. The chart above shows that the pair is trading below a strong resistance level that is 1.1350. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1250 followed by 1.1200.   Resistance levels: Support levels: Recommended:Read more about 26 June 2020[…]

US Employment Report: Friday, 12:30. Investors are braced for another month of soft data. The economy is expected to shed another 8.0 million jobs, after last the previous reading which indicated the loss of some 20.5 million jobs. Wage growth is expected to slip to 1.0%, down from 3.0% a month earlier. As well, theRead more about 05 June 2020[…]

RBA Monetary Policy Minutes: Wednesday, 0:30. The RBA minutes will provide details of the policy meeting from earlier this month. At the meeting, policymakers maintained rates at 0.75%, but the bank is under pressure to lower rates, as the Australian economy is feeling the chills from coronavirus. UK Inflation: Wednesday, 9:30. The weak British economyRead more about 19 February 2020[…]

German Final CPI: Thursday: 7:00. The first-estimate for German CPI in the fourth quarter declined by 0.6% and the final release is expected to confirm this figure.     EUR German Final CPI EURUSD Nothing can stop the Euro from going further downwards. The chart above shows that the pair might continue going downwards toRead more about 13 February 2020[…]

Spanish Unemployment Change: Tuesday, 8:00. After a sharp decline of 34.6 thousand in December, investors are bracing for a gain of 44.2 thousand in unemployment rolls in January.     EUR Spanish Unemployment Change EURUSD As could be seen on the chart above that the pair is traded below a strong resistance level that isRead more about 04 February 2020[…]