Today, the focus is on British and Canadian Consumer Prices and Australian Employment Changes.
Canadian Monthly CPI for August. If the data is lower than predicted, CAD may drop.
Assets to trade: USD/CAD, CAD/CHF, AUD/CAD
The New Zealand QoQ GDP for Q2. Forecast: 1.3%. If the data is higher than expected, NZD may gain value.
Assets to trade: GBP/NZD, NZD/CAD, EUR/NZD
Goldman Sachs plans to replace its current CFO by the year-end. Affects Goldman Sachs
US aircraft companies will receive $482 million to help survive the pandemic shutdowns. Affects Boeing
Amazon announced the introduction of new technology that allows visitors to enter Denver’s Red Rocks Amphitheater with a wave of the palm. Affects Amazon
The US auto safety regulator is digging into the autopilot issue after a Tesla vehicle crash. Affects Tesla
The latest news of the slowing dynamics in US consumer prices may have caused the recent drop. However, from a larger perspective, the currency pair has merely descended to the bottom of the narrow horizontal channel it’s been in since the beginning of September.
Therefore, after a likely drop to the support of 109.60, USD/JPY will probably start climbing again.
The upward wedge chart formation leaves Goldman Sachs’ stock price with a lot of space for rising further towards $420.
Amazon’s stock price was deflected downwards at 3,500 and suggests that it may continue the downward trend.