United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
CHF: losing value
The Swiss franc is losing value, especially against the EUR and the USD: EUR/CHF rose to 1.090 and USD/CHF above 0.90.
Technically, that might be an excellent chance to enter the market. To do that, you will be looking for a bearish reversal/correction that will inevitably happen somewhere on the way. As we neither catch falling knives nor launching rockets, you’d wait until bulls stop pushing. Then, once you start seeing red candles, try to find confirmations that it’s going to be a reversal, and sell. Otherwise, the secondary plan is a temporary sideways move before the next upswing takes place – a series of shorter bearish candles may be a good indication for this scenario.
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).