Important upcoming events and publications

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