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These are the biggest events to watch this week:
Following an extremely busy week, the ISM non-manufacturing PMI, the minutes of the September Fed meeting, crucial US Treasury auctions and Friday's UoM Consumer Confidence survey could prove extremely market-moving.
Finally, Friday's Canadian labour market data could validate the ballooning BoC rate hike expectations.
Stay ahead of the markets. See the full Economic Calendar here:
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⚡ The NFP is one of the leading indicators representing the USA's economic activity.
The NFP shows how the U.S. Labor market is fairing and has the power to impact all the markets. During the announcement, we expect high volatility across USD pairs.
This time, in case of the correct forecast, our analysts recommend to:
Trade down on USD/JPY, USD/CAD, and USD/AUD.
Trade up on EUR/USD and GBP/USD.
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📈 JP225 eyes new highs 🚀
The Nikkei retested 65350 and both EMAs before recovering toward 69200—higher swings and an intact broader uptrend point to a potential bullish continuation 💪
🔑 Key levels to watch:
✅ Closes above 69200 and the prior swing high → eyes on resistance at 73000, near the record high around 73700.
⚠️ Holds below 69200 → expect fluctuations in the 65350–69200 range.
Bulls charging ahead? 👀
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