What to Trade on August 22–26?
How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
Market updates on September 3
American ISM Manufacturing PMI – 17:00 MT time (14:00 GMT)
The EURUSD pair keeps struggling. On the daily chart, it has already crossed the support at 1.0965 targeting new lows. For intraday trading, we need to consider the H4 chart. The next support is at 1.0934. A break below it will cause a decline to 1.0887. If the actual release of ISM Manufacturing PMI is weaker than the forecast, there is a chance that the fall will be limited. If the pair is able to recover, previous supports will become levels of resistance.
Parliament is due to debate an emergency plan to take control of the legislation to stop a no-deal Brexit on October 31.
On the daily chart of GBPUSD, the pair hit the crucial level of 1.20. Although such indicators as MACD and Awesome Oscillator signal a reversal, the pair has been slowing down. The next support is at 1.1986. If the pair closes below it, we can anticipate a further fall. A rebound will push the pair to 1.2020.
The Australian dollar has been strengthening despite weaker actual reading of retail sales data and lack of hawkish comments by the RBA.
On the daily chart of AUDUSD, the pair rebounded from the support at 0.6689. The pair needs to break above 0.6735 to confirm the recovery. However, Moving Averages continue moving down. It signals a possible continuation of the downtrend. Thus, there are risks of the return to 0.6689.
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What will move the market on February 14-18?
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Latest news
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
