Daily News: a lot of comments

Daily News: a lot of comments

  • The US dollar index is rising. It is moving to the psychological level of $95 again. Today traders will look at building permits and housing starts data. The forecast is mixed. If the actual data is greater than the forecast ones, the USD will be able to rise more.

usd.png

  • The US and South Korea agreed to suspend military drills as a part of an agreement between the US and North Korea.
  • Trade wars tensions are hotter and hotter. Mr. Trump is ready to impose as many tariffs as possible. According to Reuters, he asked a US trade representative to identify $200 billion in Chinese goods for additional tariffs. Mr. Trump said that they will be imposed as soon as China increases tariffs on the US. Let’s wait!
  • A lot of info on the Australian dollar. Trade wars tensions are increasing that weighs on the AUD. Moreover, the RBA released its monetary policy meeting minutes. Although nothing new on the aussie was said (“a rise in the Australian dollar would lead to a slower pickup in inflation, economic growth”), however, it affected the AUD as well.

The AUD/USD pair tested the support at 0.7380. 50-hour MA is near to cross the 200-hour MA that is a negative signal for the pair. If today the pair closes below the support, the further fall is anticipated. No important economic data will be released.

AUDUSDH4.png

A forecast for the aussie isn’t encouraging. The banking group doesn’t see any driver for the AUD because of an uninspiring domestic data flow and a negative perspective on a rate hike. Moreover, trade wars tensions continue to weigh on the AUD. Risks of the housing market may put pressure on the Australian dollar as well. As a result, a fair value for the Australian dollar is 0.73 (let us remind that up to now, AUD/USD is near 0.7380).

ING has also represented its point of view on the Australian dollar. The main threat for the Australian dollar is the US policy. Firstly, the higher short-term US rates weigh on the aussie with the lower interest rate. Secondly, US tariffs on Chinese exports put pressure on the AUD. As a result, the forecast of the company is a consolidation within 0.7400-0.7600 until there are some directional catalysts.

  • The euro continues to consolidate within 1.1550-1.1670. No important economic data will be released today. If the pair closes below 1.1550, the further fall to 1.1480 is anticipated. Otherwise, the pair has chances to turn around to 1.1670.

EURUSDDaily.png

  • Trade wars escalate, so the Japanese yen rises. USD/JPY has broken the support at 110.20 (200-day MA) and tested the next one at 109.70. The support at 109.70 is strong (100-week MA). If any tension increases, the pair will fall further. Otherwise, it will return to 110.20.

USDJPYWeekly.png

  • Some comments on the Bank of Japan. A former BOJ official thinks that the BOJ should give up on inflation. According to him, the central bank’s policy couldn’t prove its efficiency. He advises the central bank to stop stimulating prices through large-scale bond buying and instead introduce a digital currency, enabling it to accept a new price goal of 0% inflation. Let’s see whether Mr. Kuroda will accept that.

That is all for today. Follow markets news with us!

Similar

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Latest news

NFP, Oil, and US Stocks Highlight This Week
NFP, Oil, and US Stocks Highlight This Week

Welcome to the first week of October!  As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events. 

The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera