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
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- 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…
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