Economic Events:
1. Canada’s Housing Starts for June due at 08:16 GMT
Housing starts measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector, and it can slightly affect the Canadian dollar.Consider these currency pairs:
- GBP/CAD
- EUR/CAD
- USD/CAD
- AUD/CAD
- CAD/JPY2. European Central Bank member Coeure will deliver a speech at 12:00 GMT
Benoit Coeuré, member of the Executive Board of the European Central Bank, is set to speak. His speeches often contain indications on the future possible direction of monetary policy.Consider these currency pairs:
- EUR/USD
- EUR/GBP
- EUR/JPY
- EUR/AUD
- EUR/CAD3. U.S. JOLTs Job Openings for May due at 14:00 GMT
A survey done by the US Bureau of Labor Statistics to help measure job vacancies collects data from employers about their businesses' employment, job openings, recruitment, hires and separations.Consider the following:
Currency pairs:
- EUR/USD
- GBP/USD
- AUD/USD
- USD/CAD
- NZD/USD
- USD/JPY
- USD/RUBIndices:
- DOW
- DOW F-JUN16
- NASDAQ
- S&P 5004. FOMC Member Kashkari will deliver a speech at 17:20 GMT
Investors follow the Federal Reserve Bank of Minneapolis President Neel Kashkari’s speech as his public engagements are often used to drop subtle clues regarding future monetary policy.Trade these currency pairs:
- EUR/USD
- GBP/USD
- AUD/USD
- USD/CADMARKET TODAY:
Get an overview of the market yesterday:
https://www.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-mon
day-503710
1. U.S. stocks closed higher on Monday as technology stocks, as investors focus on the earnings season which will start on Friday. Tech stocks ended up by more than 1%. Consider trading Facebook, Amazon, Apple and Alphabet when these are available on the trading platform as these form part of the NASDAQ index.2. Oil prices edged up on today, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions still remain weak. Consider trading the brent crude and the Gold vs Oil pair as the EIA will soon be releasing report of crude oil inventories.
3. Gold future lose grounds on the commodity market, and the Gold futures for August delivery edged down 0.13% to trade at $1,211.60 a troy ounce. Consider trading this asset within similar ranges, and trade the Gold vs SIlver pair.
4. Shares in Sony surged by 1.7% after the latest installment of the Spider-Man film franchise beat expectations at the North American box office. Stocks of Sony can be traded with the One touch tool.
Assets’ trend today:
1. USD/CAD
This currency pair is seen much volatile in today’s early trading hours, and it may continue this trend for today, consider the Classic Binary Options and the 60-seconds tool.
2. EUR/CAD
The EUR/CAD pair was last quoted on a bullish candle at the 1.46950 level around 03:00 UTC today. IT may fall through the day since it is trading beneath the Ichimoku Cloud indicator.
3. GBP/USD
This asset is clearly moving towards a downtrend in today’s session. Consider using the PUT option for this one today.
4. USOIL
The West Texas Intermediate is seen consolidating from the very beginning of today’s session as it is trading within similar ranges. Avoid using the Long term tool for this one.
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