September 2nd 2020: Upbeat ISM Manufacturing Survey Supports Modest DXY Recovery
- Daily Report, Recent Posts, Technical Analysis
- September 1, 2020
In his first public appearance of 2023, US Federal Reserve Chair Jerome Powell participated in a panel discussion (Central bank independence and the mandate – evolving views) on Tuesday and reiterated the Fed’s commitment to contain inflation. Powell added that ‘restoring price stability when inflation is high can require measures that are not popular in
READ MORECharts: TradingView US Dollar Index at Support The research team covered the US Dollar Index in detail in the recent Weekly Market Briefing. Key observations were a possible bullish response from either daily support at 103.42 or at daily Quasimodo support from 102.36 (joined by a 61.8% Fibonacci retracement ratio at 102.34 and a 50.0%
READ MOREHappy New Year! It was all largely about the US last week. Despite signs of easing inflation pressures in the US—June’s 9.1% reading appears to be the peak—Federal Reserve officials continued to call for interest rate increases to bring inflation back to the central bank’s 2% target. The FOMC meeting minutes released on Wednesday revealed
READ MOREYesterday witnessed US ADP non-farm employment change and initial jobless claims pencil in better-than-expected data. According to the ADP National Employment report, private US employment jumped by 235,000 jobs in December, building on November’s upwardly revised 182,000 print. In terms of the US initial jobless filings, for the week ending 31 December, initial unemployment claims
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