Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Market updates on August 12
Information is not investment advice
Speech by RBA Assistant Governor Kent – 23:00 MT (20:00 GMT) time
- After the crucial test of the 1.2015 level, GBP/USD has moved higher towards the resistance at 1.2084. If this level is broken, pay attention to the 50-period SMA, which lies at 1.2145. From the downside, watch for the retest of the 1.2015 level. After that, the further fall will be limited by 1.1993.
- USD/JPY has been moving down. On H4, the price is forming the descending triangle and is looking forward to the test of the 105.04 level. The next support will lie at 104.73. From the upside, pay attention to the 105.7 level. If bulls manage to break it, there is a chance of the rise towards the 106.22 level.
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.