Trading plan for next day: Friday, December 4th, 2020.
Upcoming volatility: GBP, USD, CAD.
GBP – Great British Pound Analysis
The Construction PMI is an indicator which represents the health of the construction sector in the U.K. The expected value for this month (52.0) is less than previous month data (53.1) in which case we would see the sterling with a push to the downside.
USD – United States Dollar Analysis
Nonfarm Payrolls and Unemployment Rate are high volatility events for the US dollar. From the data retrieved, both are expected to have lower numbers than previous month in which case we would see the US dollar with a push to the upside.
CAD – Canadian Dollar Analysis
Data shows in November 6, 2020 we expected a value of 100.0K but ended up with 83.6K. For December, we have a forecast of 20.0K which is lesser than in November, in which case we would see the CAD dollar with a push to the upside.