US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
Tag - usd
The US election is the hottest topic nowadays, which makes the market volatile. Trump-Biden debates deteriorated the market sentiment and pushed stocks down. Jump in for the fresh analysis of the EUR, the AUD, the GBP and gold!
After Trump-Biden debates the market reaction was initially positive, but Trump's refusal to accept election results in case of Biden’s victory deteriorated the overall sentiment.
USD/JPY has been rising for almost a week except for Monday, but the strong resistance of the 50-day moving average at 105.80 may stop it from moving higher.
EUR/USD has violated the first resistance trendline area 1.1680
European shares slipped on Tuesday as investors awaited the first U.S. presidential debate and eyed progress of a fiscal stimulus package in Washington
Today the main focus of USD traders will be on the debates between the Democrats and the Republicans ahead of the presidential election. What does it mean for the USD?
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
So the pound went all-in bullish yesterday on Brexit hopes. While these hopes still have to manifest, the GBP will have to defend its positions now.
GBP/USD is trading above the key pivot point level. Further bullish momentum will trigger the market to 1.2940.
USD/CHF gets higher, GBP/USD may try to test higher levels as well. AUD/USD found support. Watch the video to learn more about the major pairs!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.