Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The USD weakened on the non-manufacturing PMI
Information is not investment advice
The massive selloff in the market spread to the USD. The figures of ISM non-manufacturing PMI fell to 53.7 points (vs. the forecast of 55.5). As a result, EUR/USD has risen to the 1.1205 level. Earlier, the Stochastic indicator formed bullish divergence with the price and signaled about the move to the upside. If the current resistance is broken, the next resistance will lie at 1.1228. After the breakout, pay attention to the levels above the crossover of 50- and 100-day SMA at 1.1253. If the USD gets stronger again, the pair will retest the 1.1060 level. The next support will lie at 1.1003.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!