The important trading news for this week: a new week full of economic events awaits you.
Evest, we provide you with this brief with all the economic events and market news.

Topics
Economic Calendar

Gold

Oil

Dow Jones

GBPUSD

EURUSD

USDJPY

Economic Calendar

Monday, February 5,

Chair Powell Speaks-USA

Services Purchasing Managers Index (PMI): USA

Tuesday, February 6,

Australia Interest Rate Decision.
Reserve Bank of Australia Monetary Policy Statement
Australia-Reserve Bank of Australia Rate Statement

U.S. Federal Open Market Committee (FOMC) Member Mester Speaks

Bank of Canada Governor Macklem speaks

Unemployment Rate: New Zealand

New Zealand Employment Change QoQ

Wednesday, February 7,

U.S. Crude Oil Inventories
Adriana Kugler U.S. Federal Open Market Committee (FOMC) Member Membe Speaks
U.S. Federal Open Market Committee (FOMC) Member Thomas Barkin Speaks

Thursday, February 8,

U.S. Unemployment Benefits

Reserve Bank of Australia Governor Michele Bullock speaks

Friday, February 09

Canada Employment Change

Unemployment Rate-Canada

Gold

The strength of the US labour market data indicates that the Federal Reserve will not cut interest rates next March,
and those expectations decline to approximately 15% as US unemployment stabilizes at 3.7% and hourly wage growth reaches 0.6%,
with employment in the private sector advancing to 353 thousand. Job These are solid numbers and are likely to add to inflationary pressures.

Bearish scenario:

With the rebound from the $2058 levels, which coincided with the upper border of the descending digital channel,
the decline will likely continue to visit $2011, and by breaking it,
we witness $1995. In the event of an extension, we may target $1965.

Oil

Oil prices declined after rebounding near the $80 resistance and breaking the pivotal level of 76.04.
It is noted that momentum increased until it touched the ascending trend line upon closing,
where it formed higher highs and lows, so it is expected to rise from the current levels or retest the support at $70, then rise again.

If the support level is broken and a full candle closes below it,
Perhaps it will indicate the continuation of the downward trend since last October.

Dow Jones

A strong American labour market, in addition to the positive American consumer confidence review,
which presents 79.0, contrary to expectations indicating 78.9 and higher than the reading that preceded it,
which was around 78.8, enhances the possibility that the pace of growth in the American economy
will continue amid the improvement in the labour market and American consumer confidence,
which will benefit American stocks with the possibility of continuing.

Bullish scenario:

Prices are approaching the digital resistance level of 38875 alpha,

which is close to the upper limit, with the possibility of continuing the rise.
In the event of testing the support around 38365 thousand, reaching 38075 thousand,
it is possible to rise to target 38875-39679-40500 thousand.

GBPUSD

The GBPUSD is still moving in a narrow price range between the levels of 1.2826 and
1.2610 after the upward trend since the bottom at 1.2050, and in the event of prices breaking out
and consolidating above the level of 1.2826, it will be expected to rise to the next resistance levels of 1.3000 and 1.3143.
Still, if the sub-support level of 1.2610 is broken, this will stimulate support levels visiting at 1.2494 and 1.2188.

EURUSD

The EURUSD has moved in a downward directional movement after bouncing from the resistance at 1.1143,
breaking the pivotal level of 1.0823 and forming a symmetrical triangle pattern inclined to the downside after forming lower peaks,
so it is expected to continue its decline and break the support at 1.0724
to reach the support area between the levels of 1.0555 and 1.0480, but if it returns to the rise,
holding above the pivotal level will likely visit 1.1143, reaching resistance at 1.2775.

USDJPY

With the difference in the monetary policy followed by the United States,
which is likely to keep interest rates high during an extended period of this year,
and with the accommodative policy of the Japanese yen,
whose bank did not make any promises to exit the accommodative path during its last meeting,
which puts us in the possibility of the continued weakness of the USDJPY.

Bullish scenario:

Prices are now trading below the digital resistance of 148.52 and with the possibility of testing the support of 147.48,
prices may rise again to target the 150.25 levels, and by breaking them, we may witness 152.00–153.00.
It is noteworthy that the extension of the upward movement may make us witness 158.00.

The important trading news for this week

The important trading news for this week

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