September 2nd 2020: Upbeat ISM Manufacturing Survey Supports Modest DXY Recovery
- Daily Report, Recent Posts, Technical Analysis
- September 1, 2020
Good morning. The FP Markets research team produce First Light News around the European open, ensuring traders and investors have the news needed to begin their day. Overnight Highlights Major US equity indices concluded Tuesday on strong footing; the Dow Jones Industrial Average added 1.09%, the S&P 500 added 1.46% and the Nasdaq 100 climbed
READ MORECharts: TradingView EUR/USD Ahead of what is considered a bumper week of events, Monday delivered a largely calm tone across the FX space. Limited tier-1 data and mild risk aversion witnessed a modest dollar bid unfold, consequently weighing on any upside in Europe’s shared currency. The technical framework, particularly the bigger picture, remains unchanged. As
READ MOREIt is all about the central banks this week; the blockbuster week welcomes the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE), all of which are anticipated to increase rates. The Fed steals the spotlight on Wednesday with markets more or less pricing in a 25 basis-point hike,
READ MOREReading time: 8 minutes The last few years have been a bit of a whirlwind for the forex trading community. Unprecedented global events, political uncertainty and a boom in tech innovation have resulted in a unique time for the industry. Covid-19 welcomed a new wave of traders as global lockdowns sparked a new era of
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