Important upcoming events and publications for February 8 (GMT):
13:30 Employment in Canada will be in the focus of American traders in the absence of significant U.S. publications at this time. In the previous two days, CAD was sharply sold out. Strong employment data can trigger profit-taking at the end of the week after a strong movement. A weak release, on the other hand, can enhance sales.
18:00 Baker Hughes U.S. Rig Count data may have a noticeable effect on Brent and WTI prices. The number of rigs has turned to decline in January, and this trend development is able to support Crude Oil prices.
See the detailed Economic calendar here
- Natural gas broke the multi-month resistance level 3.150 - Likely to rise to resistance…
Coca-Cola reversed from support level 61.35 Likely to rise to resistance level 64.00 Coca-Cola earlier…
UK inflation accelerated to 2.3%, its highest level since March, but this did not boost…
The cryptocurrency market cap is up 0.3% in 24 hours. Bitcoin reached new all-time highs…
- S&P 500 index reversed from support zone - Likely to rise to resistance level…
- EURCAD reversed from resistance level 1.4885 - Likely to fall to support level 1.4750…
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