Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China's July fiscal spending tempo slows, but profits add
In July, China's fiscal spending tacked on at a slower pace mostly because of larger expenditure earlier, although a government-led infrastructure push has maintained spending brisk in 2017.
In July, fiscal spending inched up 5.4% from 2016, while revenue leapt 11.1%, as the Ministry of Finance informed on Friday.
July's surge rate sank abruptly from June’s outcome of 19.1%, although revenue surge jumped from 8.9% in that month, as the ministry told.
The authorities associated the dip in July spending mostly with considerable expenditure earlier.
For the first seven months of 2017 government spending jumped 14.5% on year, while profits headed north 10%.
Government-led stimulus has appeared to be a key driver of economic surge for the last years in the world's number two economy. However, the pump-priming has been unrolling in tandem with runaway credit surge and generated a mountain of debt.
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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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