Trading plan for October 3

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From the calendar: The main focus will be on production manufacturing indexes. The most significant out of all of them are services PMI of Great Britain and non-manufacturing PMI of the USA. Do not underestimate Employment Change excluding government and farmers. Also, pay attention to the level of Crude Oil Inventories of the US. Take a note that it influences the Canadian dollar as well. The end of the day is the time you need to follow speeches of FOMC members and the Chair of Federal Reserve of the United States from 9 in the evening until 11 in the evening.

From the charts: The British pound fell following statements from the Conservative party conference. It’s already crossed the 50-day moving average at 1.2980 and testing the support at 1.2943. If there is any positive news concerning Brexit, the price will come back to the resistance at 1.3080. EUR/USD is awaiting the budget plan from Italian government. For now it’s testing the support at 1.1507. The next support is at 1.1413. In case of any positive data, the price will go up to the resistance at 50-day moving average at 1.1610. As for USD/CAD, the pair gains ahead of the Fed Chair speech. The resistance is at 1.2847. If the loonie gains tomorrow, the support will be at 1.2787.