The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Wait for updates concerning the US-EU trade deal
Friday continues to be highlighted by the news connected to the trade issues of the United States. Later today at 20:45 MT time US President Donald Trump will make an announcement concerning the trade deal with the European Union. The market will pay attention to the updates on auto tariffs. With the new fears surrounding the US-China trade tensions, it will be interesting to follow this news. Pay attention to the euro. After the unemployment rate for the US increased to 3.7%, EUR/USD rose to the resistance at 1.1095. On H4, the next resistance will lie above the 50-period SMA at 1.1137. If Trump announces fresh auto tariffs on the EU, the pair will slump to the 1.1026 level. The next support will lie at 1.0982.
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.
The market sentiment is mixed, but there are still interesting movements on the market.