The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Market updates on August 20
- During the Tokyo trading session, there were no significant movers. Now we will continue to follow the news on Brexit after the comments by Boris Johnson that the UK will leave the European Union on October 31 either with or without a deal. Oh the H4, GBP/USD is testing the ground below the 50-period SMA at 1.2085. If this level is broken, the next support will lie at 1.2049. From the upside, the rise is limited by the 1.2106 level. After that, pay attention to the 100-period SMA and the 1.2140 level.
- The political tensions inside Europe will also attract our attention today, as Italian premier Giuseppe Conte will be speaking at the Senate at 16:00 MT, where he will address the country’s political crisis. In case of more uncertainties, the euro may get weaker. Pay attention to the support level at 1.1075. The next support will be placed at 1.1065. If bulls gets stronger, the first resistance will lie at 1.1088. After that, pay attention to 1.1106 level.
- USD/JPY is testing the support at 106.29. If the risk sentiment fades away, this level will be broken and the next support will lie at the 50-day SMA at 105.96. From the upside, pay attention to the resistance levels at 106.62 and 106.74. After that, the rise may be limited by the 106.95 level.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!