Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
American small business borrowing is highest for two years
In June, borrowing by small American companies reached an almost two-year maximum, powered by hotels and restaurants and hotels because businesses invested to meet customer demand, as PayNet Inc informed on Tuesday.
June’s Thomson Reuters/PayNet Small Business Lending Index inched up from May’s upwardly revised result of 138.3 to 139.9, which is its most impressive outcome since July 2015.
Small business borrowing happens to be a major indicator of surge because those companies do much of the hiring, driving economic gains.
Measured from the previous year, borrowing was intact, as the provider of credit ratings on small companies states.
Turmoil in in the USA involving Donald Trump's six-month-old administration has led traders as well as businesses to question whether most of his proposals are going to be implemented or not. The previous week Republicans didn’t manage to deliver on a campaign pledge to upgrade the American healthcare system, while on Monday Trump sacked his communications director a week on the position.
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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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