September 2nd 2020: Upbeat ISM Manufacturing Survey Supports Modest DXY Recovery
- Daily Report, Recent Posts, Technical Analysis
- September 1, 2020
Charts: Trading View (Italics: Previous Analysis) EUR/USD: News flow remained light on Tuesday as investors await the release of today’s US inflation figures following last week’s hotter-than-anticipated US employment data. Overall, it was a soft day for the US dollar consequently underpinning Europe’s shared currency. The weekly timeframe’s price action, as noted in recent technical
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: It was a relatively subdued session for EUR/USD on Monday, weighed by a light economic calendar. The technical landscape remains unchanged on the weekly, daily and H4 timeframes, therefore for those charts the following analysis will serve as a reminder: Out of the weekly timeframe, the currency pair
READ MORECharts: Trading View (Italics: Previous Analysis) US Dollar Index: Snapping a two-week correction, the US dollar—according to the US Dollar Index—staged a spirited recovery last week and added 0.7 per cent. Upside interest initially developed following a retest of the 50-day simple moving average at 105.28 (moving averages can [and often do] deliver dynamic support
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: The US dollar, according to the US Dollar Index, echoed a downbeat tone on Thursday ahead of the eagerly awaited US jobs figures today. In terms of risk events, US weekly unemployment claims came in largely as expected at 260,000. EUR/USD finished the day higher by 0.6 per
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