Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
The indicator of employment change shows the change in the number of employed people during the previous month. The unemployed rate, released at the same time as employment change, represents the percentage of the total workforce that is unemployed. According to the forecast, employment change will advance by 15.3 thousand jobs, while the unemployment rate will remain at the same level of 5.3%. How may the indicators move the AUD?
• If the employment change is higher, and the unemployment rate is lower than the forecasts, the AUD will rise;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.
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Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
May 2020 forex season trading
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
Latest news
What drives the market on August 10?
The market has started the week with a mixed sentiment…
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
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