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.
Bank of England Meeting
| Positive economic data from the UK bring the moment of the Bank of England’s rate hike closer. At the last meeting of the central bank, 2 out of 9 MPC members voted for an increase of the interest rate. Although Governor Mark Carney has recently discouraged expectations of a rate hike in May, the regulator may still give clues on its future monetary policy. An encouraging estimation of the economy will support the pound. Follow the BOE’s report at 14:00 MT time on May 10. |
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Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Main market movements on September 21
The US dollar and the Japanese yen has started the week on the positive footing amid rising new virus cases.
Latest news
US Federal Judge stopped TikTok's ban
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
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.
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