SikmaN registered for Fundamental analysis
Unemployment Rate s.a (Switzerland): according to statistics, the unemployment rate should not increase, which will undoubtedly be considered as a positive effect for the franc. Being at the level of 2.3%, it may even drop, which will be an additional positive. At a time when stock indices look menacing in the bearish direction of the currency, the yen and franc insurers are holding steady. In this news I will support the franc.
Trade Balance s.a. (Germany): the trade balance in the ratio of exports to imports in the forecasted part sets a decrease in both indices and at the same time, exports decrease more. While there is no (more precisely, not working) agreement between the two leading countries of the United States and China, all countries will lose in trade relations. Some will lose more, others less. Germany will also lose and I hope that this will be confirmed in the market.
Gross Domestic Product (UK): A relatively large package of economic news from the UK. GDP after 0% of the last report promises us 0.1%. Other news Construction Output YoY, Industrial Production YoY and Manufacturing Production MoM, with my forecasts, indicate the expected growth, which can provide a bullish option on the market for the pound.
ILO Unemployment Rate (UK): along with the unemployment rate, it is necessary to consider the new jobs Employment Change for June. According to the forecast after 115K, they may have to expect their fall to the level of 43K as the forecast suggests. Nevertheless, there is confidence that the forecast is wrong and this value will be around 85K. If the unemployment rate will be marked at 3.9%, then it is possible to assume bullish for the currency pair.
Building Permits (Canada): After a week of supporting the Canadian dollar, it’s time to switch to correctional rails. And if we can expect a positive shift from this news, then according to Housing Starts for August we are going down to 204.5K (it was 222K a month earlier). Given these options, the bull is more promising at this point.