The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The USD weakened on the non-manufacturing PMI
The massive selloff in the market spread to the USD. The figures of ISM non-manufacturing PMI fell to 53.7 points (vs. the forecast of 55.5). As a result, EUR/USD has risen to the 1.1205 level. Earlier, the Stochastic indicator formed bullish divergence with the price and signaled about the move to the upside. If the current resistance is broken, the next resistance will lie at 1.1228. After the breakout, pay attention to the levels above the crossover of 50- and 100-day SMA at 1.1253. If the USD gets stronger again, the pair will retest the 1.1060 level. The next support will lie at 1.1003.
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
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!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.