Today, the focus is on the Boeing test flight, the massive layoffs at Disney, and the latest data from the EU.
The official start of the summit was appointed by the leader of the EU countries. The event could have a strong impact on the behavior of trading floors.
Assets to trade: EUR/CAD, DAX, CAC 40
There will be a report on the number of initial applications for unemployment benefits in the United States. The predicted indicator is 850 thousand. If the real data turns out to be lower, the USD may receive a positive market reaction.
Assets to trade: USD/CAD, EUR/USD
The index of business activity in the US manufacturing sector for September will be released. Forecast: 56.2 points. A downside deviation will weaken the USD position.
Assets to trade: USD/CAD, USD/CHF
Disney has announced plans for massive layoffs. Affects Disney
The contraction of the US GDP in the second quarter amounted to -31.4% against the forecast -31.7%. Affects USD
The ADP released a powerful report on US employment growth outside the agricultural sector. Affects USD
Germany and France are showing a recovery in consumer activity. Affects EUR
The US Federal Aviation Agency conducted a test flight of the Boeing 737 MAX. Affects Boeing
Consumer spending in France increased by 2.3% against the forecast for a decline of -0.1%. Meanwhile, the unemployment rate in Germany fell to 6.3% and retail sales rose to 3.1%. Strong data in the largest EU economies may have a positive impact on the euro.
Looking at the EUR/USD chart through the prism of Fibonacci levels suggests that the asset will return to a positive trend. Quotes are unlikely to drop below 1.17000 due to the rising support level.
The chart of the currency pair has broken through the descending resistance level, which indicates the beginning of an active bullish phase. The first technical growth target may be the level of 1.09000.
The currency pair has broken through the rising support level, which indicates the beginning of an active bearish phase. The first technical target may be the level of 0.6000.
NZD/USD on this day in history
- Since 2000, October 1st has been a trading day 13 times.
- On 38% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.71%.
- The downward trend was limited to 3.08%.