Market updates on August 20
Pay attention to the news from the UK and Italy
Trade the GBP on the news
Services sector represents the biggest part of the British economy. As a result, its performance makes the key contribution to the nation’s economic growth. UK services PMI will be released at 11:30 MT time on October 3. The last time the indicator was released on September 5. Back then the index turned out to be much higher than expected (54.3 versus the forecast of just 53.9). GBP/USD went up after the release from support at 1.28. The day’s high was at 1.2980.
• If services PMI is bigger than expected, the GBP will rise.
• If services PMI is smaller than expected, the GBP will fall.
Similar
5 important events this week will bring us!
Let's consider the key events for this week's trading
Market updates on August 19
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
Latest news
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…
Deposit with your local payment systems
