AUD/USD. Investor optimism was based on strong data on US employment from ADP, which showed that the number of new jobs outside the agricultural sector increased by 230 thousand. I expect a decrease in the currency pair when this news comes out.
USD/CAD. Despite the unsuccessful start of the day, by the end of the trading session, the initiative again went to the buyers. Market participants began to actively redeem a couple after reports of an explosion at a key oil refinery in Canada. I expect the growth of the currency pair at the release of this news.
EUR/USD. Production activity declined for the third month in a row, signaling a possible weakening of GDP growth in Europe’s largest economy. The data of the Ministry of Economics of Germany showed that industrial production declined by 0.3% in August, while surveyed analysts expected a growth of 0.4%. I expect a decline in the currency pair when this news is released.
GBP/USD. The leading locomotive of the currency bloc, left without support for industrial growth in the third quarter, is unlikely to be able to claim an expansion of over 0.3%. Against actively acting and the growth of yield of US Treasury bonds. I expect a decline in the currency pair when this news is released.
USD/JPY. In the case of rising inflationary pressure, the yield on 10-year treasuries, reflecting expectations of further tightening of US monetary policy, could exceed 3.25%. With such a dynamic will not be easy. I expect the growth of the currency pair at the release of this news.
USD/JPY. Apparently, the trade war between the United States and China will not pass without a trace for both countries. During his speech the day before, US President Trump once again threatened to impose tariffs on Chinese imports in the amount of $ 267 billion, if China responded to recently established tariffs from the United States. I expect a decline in the currency pair when this news is released.
EUR/USD. The technology sector fell by 4.8%, which was the strongest percentage decline since August 2011. The White House hastened to blame the Fed, or rather its policy of higher interest rates, for what happened. I expect the growth of the currency pair at the release of this news.
USD/JPY. Treasury bonds reflect market expectations regarding the pace of tightening US monetary policy, their impact on stock markets is obvious. The pressure on the market was also caused by a sharp decline in the cost of oil, which is why the energy sector was in the red zone at the end of the day. I expect a decline in the currency pair when this news is released.
USD/RUB. Additional pressure on the price of oil was also exerted by the report of the International Monetary Fund published the day before, which reduced global economic growth forecasts for 2018 and 2019, which could undermine the demand for oil. I expect a decline in the currency pair when this news is released.