Crude Oil inventories report will help all energies to gain volatility and choose a direction | Gold is falling, but there is possible long entry | October 27
Canada Might Increase Key Rate / 10% Profit Trade Idea
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency. Employers added 154,000 jobs in November, far more than most forecasters were expecting, putting total employment back to where it would have been if the COVID-19 crisis hadn’t interrupted the trend early in 2020.
Investors are worried about high inflation. Brent oil keeps looking at $85 a barrel, natural gas corrected down, EUR/USD remains in a downtrend, and USD/JPY paused after the rapid growth on Monday.
Find out what happened to BTC and Gold!
Gold is still moving like a snail; Russia faces default; first signs of upcoming earnings season, and dozen of speeches from bank’s governors and G7 members. We have a lot to look for, and in the next several minutes, you will be filled with trade ideas and market news!
The interest rate hike shakes the market. However, not all are happy with that! The market is officially bearish now and assets, such as cryptos, stocks, and indices are in shock!
Traders expect a calmer US inflation release on Friday that may allow the Federal Reserve to slow down interest rate hikes…