September 2nd 2020: Upbeat ISM Manufacturing Survey Supports Modest DXY Recovery
- Daily Report, Recent Posts, Technical Analysis
- September 1, 2020
Sterling ended the week considerably lower against the US dollar, recording its largest one-week decline since July 2023 (-1.5%). In light of the slew of UK economic data on the docket this week—wages, CPI inflation and retail sales—this will be a particularly key market to monitor. Monthly Resistance Holding Firm Price action on the monthly
READ MORERates Remain on Hold The European Central Bank (ECB) claimed the spotlight in recent trading and held all three key benchmarks unchanged; the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate remain at 4.50%, 4.75% and 4.00%, respectively. This did not raise too many eyebrows as both markets and
READ MOREYour weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: EUR/USD Tentatively Tests Support Ahead of ECB Meeting Daily Timeframe – Following hotter-than-expected US CPI inflation numbers pulling the EUR/USD southbound yesterday, the currency pair is now testing the
READ MOREData came in broadly higher than expected for the March US CPI inflation print. Higher-Than-Expected Reports on Three of the Four Major Prints Year-on-year headline CPI inflation for March rose +3.5%, up from +3.2% in February and a touch higher than economists’ estimates of +3.4%. Of note, this follows a rise of +3.4% in December
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