Tonight we expect two more news concerning the U.S. economy. The first indicator coming out at (14:15, GMT +0, Greenwich) reflects the greatest impact on the market because it is coming out before the Nonfarm Payrolls, which is to be be released on Friday . Change in employment according to the company Automatic Data Processing (ADP Non-Farm Employment Change) based on a survey of 400 anonymous clients of commercial companies. Employment - a key factor influencing consumer demand and, as a consequence, the growth in the U.S. economy. In 2.5 hours at (16:30, GMT +0, Greenwich) we will find out about U.S. (Crude Oil Inventories). This factor is controversial because destocking may cause inflation, but on the other hand, it may bring provit to oil companies. Moreover , unlike the monthly ADP it reflects the weekly data . This figure will be interpreted against the background of the previous values.
In terms of technical signals, there is an interesting situation observed for pair USD/JPY. There was a resistance line breakthrough occurred after the U.S. trade balance publication. This point is consistent with equilibrium candle marked in yellow on the chart. The oscillator divergence preceded the breakthrough RSI(14). This indicator has already managed to break through the resistance uptrend line - there is a high likelihood of the USD/JPY continued growth, at the fact that Parabolic confirms the trend. The second important confirmation signal is a Pivot resistance level reakthrough.
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