The JPY GDP will be the first important data of the day, but probably it won’t be a huge surprise. The GDP will probably the same, so we are not waiting for a big movement.
The manufacturing Production of Great Britain the next important data (probably a negative number) of this Friday. There will be one more important data tomorrow, the Canadian Employment change.
BUT, don’t forget about the G7 Summit. We don’t know what will happen. Any speech can move the market up or down today, so we have to be careful…
PAIRS TO CHECK
AUDCAD is overbought (I added it to the review yesterday too. The AUD will be lower today and the CAD’s employment numbers will be probably strong, so that means, that weaker AUD and stronger CAD will push the pair’s chat down.
EURJPY will be a good option. The EUR will probably retrace today so we can easily make some profit during the EU session with this pair.
If the forecasts are right, the GBP Manufacturing numbers will be weak, you the GBP will fall. With a stronger JPY it can be a good trade.
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