Economic News | October 8–9
Important US and Canadian labor-market data could increase volatility across currencies and gold.
October 8 — US Initial Jobless Claims
Better-than-expected data may support USD:
• EUR/USD, GBP/USD — Down
• USD/JPY, USD/CAD — Up
• XAU/USD — Down
Weaker data may trigger the opposite reaction.
October 9 — Canada Unemployment Rate
Better-than-expected data may support CAD:
• USD/CAD — Down
• CAD/JPY — Up
• EUR/CAD — Down
Weaker data may pressure CAD.
The key factor is the difference between the actual result and market expectations. Sharp moves and reversals are possible around the releases.
#EconomicCalendar #ForexNews #ForexTrading #USD #CAD #EURUSD #USDCAD #XAUUSD #MarketAnalysis
Important US and Canadian labor-market data could increase volatility across currencies and gold.
October 8 — US Initial Jobless Claims
Better-than-expected data may support USD:
• EUR/USD, GBP/USD — Down
• USD/JPY, USD/CAD — Up
• XAU/USD — Down
Weaker data may trigger the opposite reaction.
October 9 — Canada Unemployment Rate
Better-than-expected data may support CAD:
• USD/CAD — Down
• CAD/JPY — Up
• EUR/CAD — Down
Weaker data may pressure CAD.
The key factor is the difference between the actual result and market expectations. Sharp moves and reversals are possible around the releases.
#EconomicCalendar #ForexNews #ForexTrading #USD #CAD #EURUSD #USDCAD #XAUUSD #MarketAnalysis
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