Here are the key factors to keep in mind today for US Dollar trades:
US CPI: The US CPI for September is predicted to increase by 0.1% monthly and by 1.8% annualized. Forex traders can compare this to the US CPI for August which increased by 0.1% monthly and by 1.7% annualized. The US Core CPI for September is predicted to increase by 0.2% monthly and by 2.4% annualized. Forex traders can compare this to the US Core CPI for August which increased by 0.3% monthly by 2.4% annualized.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 5th are predicted at 218K and US Continuing Claims for the week of September 28th are predicted at 1,651K. Forex traders can compare this to US Initial Jobless Claims for the week of September 28th which were reported at 219K and to US Continuing Claims for the week of September 21st which were reported at 1,651K.
US Real Average Hourly Earnings: US Real Average Hourly Earnings for September are predicted to increase by 0.5% monthly and by 1.3% annualized. Forex traders can compare this to US Real Average Hourly Earnings for August which increased by 0.6% monthly and by 1.5% annualized.
Here is the key factor to keep in mind today for Canadian Dollar trades:
Canadian New Housing Price Index: The Canadian New Housing Price Index for August is predicted to decrease by 0.1% monthly and by 0.4% annualized. Forex traders can compare this to the Canadian New Housing Price Index for July which decreased by 0.1% monthly and by 0.4% annualized.
Should price action for the USDCAD remain inside the or breakdown below the 1.3295 to 1.3345 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3315
Take Profit Zone: 1.3135 – 1.3185
Stop Loss Level: 1.3375
Should price action for the USDCAD breakout above 1.3345 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3375
Take Profit Zone: 1.3520 – 1.3565
Stop Loss Level: 1.3345
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US CPI: The US CPI for September is predicted to increase by 0.1% monthly and by 1.8% annualized. Forex traders can compare this to the US CPI for August which increased by 0.1% monthly and by 1.7% annualized. The US Core CPI for September is predicted to increase by 0.2% monthly and by 2.4% annualized. Forex traders can compare this to the US Core CPI for August which increased by 0.3% monthly by 2.4% annualized.
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of October 5th are predicted at 218K and US Continuing Claims for the week of September 28th are predicted at 1,651K. Forex traders can compare this to US Initial Jobless Claims for the week of September 28th which were reported at 219K and to US Continuing Claims for the week of September 21st which were reported at 1,651K.
US Real Average Hourly Earnings: US Real Average Hourly Earnings for September are predicted to increase by 0.5% monthly and by 1.3% annualized. Forex traders can compare this to US Real Average Hourly Earnings for August which increased by 0.6% monthly and by 1.5% annualized.
Here is the key factor to keep in mind today for Canadian Dollar trades:
Canadian New Housing Price Index: The Canadian New Housing Price Index for August is predicted to decrease by 0.1% monthly and by 0.4% annualized. Forex traders can compare this to the Canadian New Housing Price Index for July which decreased by 0.1% monthly and by 0.4% annualized.
Should price action for the USDCAD remain inside the or breakdown below the 1.3295 to 1.3345 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.3315
Take Profit Zone: 1.3135 – 1.3185
Stop Loss Level: 1.3375
Should price action for the USDCAD breakout above 1.3345 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.3375
Take Profit Zone: 1.3520 – 1.3565
Stop Loss Level: 1.3345
Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Sign-up to our affiliate program and earn revenue share as high as 80% and grow your business in 195 countries!