Trade ideas

What are the most important events for today?

Let's start with the Canadian economic data. CPI level will be out at 15:30 MT time. The forecast is optimistic. Howver, the actual data will affect the market the most. If the actual figure outperforms the forecast, the CAD will be supported. In case of the lower reading the Canadian currency may suffer.

The next is the second part of the Fed Chairman's Testiffies. M. Powel will provide clues on the monetary policy and economic conditiona. Yesterday, the USD plunged based on the mixed comments. If today Mr. Powell is still cautious, the USD will keep falling. In the case of some hawkish comments, the American currency will recover.

Oil crude invetories data will become another important event you should pay attention to. On Monday, oil market suffered based on the Trump's tweet about OPEC and too high oil prices. If the economic data is positive for oil (the market need a decline), WTI and Brent will be able to appreciate.

usd

gbp

cad — dolar kanada

minyak

prakiraan pasar

brent

wti - west texas intermediate

kalender ekonomi

Menyerupai

07.12.2020 18:02 Proyeksi Market Pekan Ini 7 - 11 Desember 2020

Perkembangan kasus pandemi covid 19 semakin mnegkhawatirkan, sudah lebih dari 67 juta jiwa terjangkit dan lebih dari 1,5 juta jiwa meninggal akibat virus corona ini.