Today’s Forex Guide

Forex Economic Calendar – Eyes on Mr.Aussie


Aug.31.2015

Crude oil rallied above $48 dollars on Monday following OPEC comments and EIA cuts estimates, causing a pullback in the USD dollar. With that, the USD/CAD pair hit fresh intraday lows touching 1.3120. The pair however remains above the Ichimoku cloud and in an overall uptrend so we may see a bounce back up in September.

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 Coming up on the economic calendar, Tuesday is pretty busy for most major currencies,starting with major Aussie and Chinese data coming out during the Sydney session.

  • China’s Manufacturing PMI is set to be released at 2 AM GMT followed by Australia’s cash rate and RBA rate statement at 5:30 AM.
  • UK Manufacturing PMI will kick off the London session at 9:30 AM GMT followed by   Canada’s GDP out at 1:30 PM.
  • US ISM Manufacturing PMI is out at 3PM and GlobalDairyTrade (GDT) index could create volatility in the NZD crosses.
  • Aussie volatility could continue well into Wednesday as Australia’s Quarterly GDP is scheduled to be released at 2:30 AM GMT.
  • US ADP Non-Farm Employment Change will be out at 1:15 PM.

Watch out for our upcoming signals in what is expected to be an exciting week.

 

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