Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
The risk-on sentiment pushes USD/JPY and USD/CHF higher
Information is not investment advice
The trade talks between the US and China have been optimistic for now. Reportedly, China has agreed to buy record volumes of pork from the United States. Also, Chinese Vice Premier Liu He said that China was willing to reach an agreement to prevent further escalation of the trade war.
- USD/JPY broke the upper border of an ascending trendline and tested the 107.96 level. The next resistance will lie at 108.07. If the pair reverses, it will face the support at 107.54 (100-period SMA). After that, the next support will be placed at 107.35.
- USD/CHF tested the highs above the 0.9965 level. If this level is broken, the next resistance will lie at 0.9985. From the downside, support levels are 0.9925, 0.9917 and 0.9907.
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.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?