Analysis of trading on Erste News

During the week of August 5-9 trading on Erste News was on the following publications:

August 6, on the publication of data on employment in New Zealand, which exceeded all forecasts. New Zealand’s labor market has shown an increase in employment and a decrease in unemployment. But due to the preservation of the downward dynamics of indicators and trading risks, the growth of the New Zealand dollar was limited.

The growth potential of this pair on the news ranged from 600 to 300 points.

Fig. 1. NZD/USD chart

On August 9, trading on Erste News took place at the publication of employment data in Canada. They did not live up to market expectations, showing a decrease in employment and an increase in unemployment by 0.2%, which is a very negative indicator.

The growth potential of the USD/CAD pair on the news ranged from 500 to 300 points.

Fig. 2. USD/CAD chart

Hanzenko Anton