Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
American job surge seen accelerating
In June, American employers increased hiring and lifted wages for employees. These are signs of labor market strength, which could keep the major US bank on course for a third interest rate lift this year.
As a Reuters poll of economists states, on Friday the Labor Department's employment report will most likely show that nonfarm payrolls grew by 179,000 jobs the previous month, having gained 138,000 in May.
The unemployment rate is supposed to remain intact at a 16-year minimum of 4.3%. This year it has sunk five-tenths of a percentage point. Moreover, it fits the most recent Fed median prediction for this year.
Financial experts tell that labor market buoyancy could also stimulate the Fed to unveil plans to start cutting its $4.2 trillion portfolio of Treasury bonds as well as mortgage-backed securities already in September.
In June The Fed lifted its benchmark interest rate for the second time in 2017. However, with inflation dropping further below the central bank's 2% objective in May, financial experts expect another rate lifts only in December.
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Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
Will the RBNZ support the kiwi?
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Latest news
US stimulus package improved sentiment
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
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