Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Market updates on August 21
Information is not investment advice
Key events ahead:
Canadian CPI – 15:30 MT (12:30 GMT) time;
Crude oil inventories – 17:30 MT (14:30 GMT) time;
FOMC meeting minutes – 21:00 MT (18:00 GMT) time.
- USD/CAD has been moving down. The first support for the pair will lie at 1.33. If the Canadian dollar is supported by the higher-than-expected CPI data, the chance of the fall towards the 50-period SMA at 1.3276 on H4 will increase. In case of a weaker figures of CPI, the pair may reverse towards the resistance at 1.3338.
- On the H4, we can see that EUR/USD has been consolidating after the rise above the 1.1088 level. If the FOMC minutes are more dovish than the market expects, the pair will rise higher to the 1.1106-1.1114 levels. In case of a strong US dollar, the pair will fall to the support at 1.1088. The next support will lie at 1.1075.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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