Important upcoming events and publications for January, 3 (GMT):
09:30 U.K. Construction PMI is able to influence on the pairs with GBP. Activity in the construction and housing is a reliable barometer of business activity in Britain. It is expected to decline from 53.4 to 52.9, reflecting slowing growth. Data below expectations can bring pressure to the British currency.
13:15 U.S. ADP Employment report attracts the attention of market participants and can increase USD volatility in case of deviation from expectations (179k). The weak data would strengthen the nervousness, assuming the United States economy slowdown. Strong data, by contrast, are likely to spur demand for the dollar.
15:00 U.S. Manufacturing ISM is one of the most important indicators of business activity in the country. The publication may seriously spur volatility in pairs with USD and on stock markets. It is expected to decrease from a very high level at 59.3 to 58.2. A more dramatic decline could prove unfavorable to the dollar.
See the detailed Economic calendar here
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
