19:33 December 1, 2023
Here is a summary of the three markets in focus:
-
USDJPY:
- Key reports include November NFP, JOLTS Report, ADP Report and Challenger Report.
- Japan’s Q3 GDP report is also expected.
- The pair recently retreated from highs near 152.00 and is showing the building of a downtrend structure.
-
DAX(Germany 30):
- November was the best month for European stocks since January 2023.
- The declining probability of further monetary policy tightening supports the indices.
- The economic outlook is uncertain; Reports such as German orders data for October, German industrial production for October and the Eurozone Q3 GDP report could provide more insight.
-
AUDCAD:
- Interest rate decisions from the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) are expected.
- RBA announcement on Tuesday at 4.30pm and BoC announcement on Wednesday at 5pm
- Both are expected to remain unchanged, with attention on the narrative following last week’s surprisingly hawkish RBNZ meeting.
These markets and events are expected to influence trading in the coming days.
ACTION with the TEST WINNER 2023:
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