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Forex Trading StrategiesQuiet Asian session ahead of US payroll data
USDJPY was traded to a 115.78 low, on news that China could begin to diversify its reserves but 115.60 is the break to look for today, if the downside is to resume.
MAJOR HEADLINES PREVIOUS SESSION
Building Approvals (MoM) Nov increased 3.4% better than expectations for an 1.85% increase. YoY it has decreased less than expected at -3.8% rather than the 7.8% fall estimated.
THEMES TO WATCH UPCOMING SESSION
European Union (EUR)
10.00am GMT Euro Zone Unemployment Rate for Nov to be at 8.3%.
11.00am GMT Euro Zone OECD Leading index for nov to be announced. Previously at 106.7
United Stated (USD)
1:30pm GMT Change in Non Farm Payrolls Dec expected at 200,000 vs previous 215,000
1:30pm GMT Unemployment Rate for Dec to be at 5.0% similar to the prior period
1:30pm GMT Change in Manufacturing Payrolls Dec to be at 0 vs an 11,000 change previously.
1:30pm GMT Average Hourly Earnings MoM for Dec to have increased 0.2% and YoY at 3.2%
Note: the support/resistance levels used in the matrixs of this document are levels derived from yesterday high, low and close. Reference in the text to other support/resistance levels will occur.
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