On Wednesday, markets and investors in the FX market will watch the reaction from the announcement of GDP figures and industrial production from China. Then the announcement of British inflation figures for consumer prices and producer prices. From the Eurozone, there is the consumer price index and the trade balance. Then Canadian inflation figures. And from the United States of America, the trade balance and US oil stocks. This is in addition to the developments of negotiations to resolve the trade dispute between the United States and China and the future of the Brexit after postponement of its deadline until the end of October.
In the following lines we will review together the most important trading opportunities for the sale or purchase of the most important pairs of currencies and gold, which may occur during today trading based on the expected events and economic data:
The most important levels of buying:
Buy EUR/AUD from the 1.5645, target 1.60 and stop at 1.5560.
Buy gold from 1274, target 1312 and stop at 1265.
Buy EUR/USD from 1.1245, target 1.1400 and stop at 1.1000.
Buy GBP/USD from 1.2980, target 1.3265 and stop at 1.2925.
Buy USD/CAD from 1.3270, target 1.3500 and stop at 1.3200.
Main Selling Levels:
Sell EUR /JPY from 127.20, target 125.00 and stop at 127.70.
Sell AUD/USD from the 0.7235, target 0.7000 and stop at 0.7275.
Sell USD/CHF from 1.0120, target 0.9945 and stop at 1.0155.