
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
The most traded pair surged yesterday after the ECB report but failed to rally above the 1.1900 level. If it manages to jump above the high of September 4 at 1.1860, it will open doors towards 1.1900 again. Support levels are at 1.1800 and 1.1760.
EUR/GBP is edging higher. The move above the high of March 23 at 0.9300 will drive the pair higher to the next resistance of 0.9415. On the flip side, if the pair drops below the low of March 25 at 0.9150, it will fall further to the next round number at 0.9000.
Gold has been recently fluctuating near the $1 950 level. If it manages to cross it, XAU/USD will surge to $1 965. Support levels are at the recent lows of $1 925 and $1 910.
The stock index has started the day on the positive footing. If it jumps above the 200-period moving average at 3 380, it will jump to 3 400. Otherwise, if it falls below the yesterday low of 3 340, the way towards 3 315 will be clear.
Follow the US Core CPI report at 15:30 MT time! As always, if numbers are better than the forecasts, the USD will rise. Otherwise – fall. Stay tuned!
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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