The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The risk-on sentiment pushes USD/JPY and USD/CHF higher
The trade talks between the US and China have been optimistic for now. Reportedly, China has agreed to buy record volumes of pork from the United States. Also, Chinese Vice Premier Liu He said that China was willing to reach an agreement to prevent further escalation of the trade war.
- USD/JPY broke the upper border of an ascending trendline and tested the 107.96 level. The next resistance will lie at 108.07. If the pair reverses, it will face the support at 107.54 (100-period SMA). After that, the next support will be placed at 107.35.
- USD/CHF tested the highs above the 0.9965 level. If this level is broken, the next resistance will lie at 0.9985. From the downside, support levels are 0.9925, 0.9917 and 0.9907.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.