US Dollar Supported by Trade War Ease

 

The greenback was steady, rising softly against its major peers in cautious trading on Monday as the US-China trade war eased. Three sources had told Reuters on Friday that the U.S. Administration was considering de-listing Chinese companies from U.S. stock markets. Traders are expecting fewer trade-war headlines during the week since China has a week-long holiday beginning on Tuesday, which marks the 70th anniversary of the People’s Republic of China.

German inflation, British economic growth, and U.S. manufacturing indicators are all due later, with U.S. employment figures at the end of the week. Anything short of expectations poses a risk to fragile sentiment.

Economic events this Monday includes:
0145 GMT: CNY Caixin Manufacturing PMI (SEP)
0600 GMT: German Retail Sales (AUG)
0755 GMT: German Unemployment Figures (SEP)
0830 GMT: GBP GDP (QoQ)
1200 GMT: German CPI (SEP)
1345 GMT: USD PMI (SEP)
2100 GMT: NZD Business Confidence and PMI
2330 GMT: JPY Job data (AUG)

NOTE: Traders are advised to be cautious and be updated on the major economic news causing high volatility to achieve better trading results.


Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. The Bullfx (thebullfx), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Post categories

 

Symbol Bid Ask Spread
EURUSD 1.11197 1.11215 1.8
GBPUSD 1.28651 1.28675 2.4
USDCAD 1.31759 1.31781 2.2
USDJPY 108.731 108.750 1.9
USDCHF 0.99003 0.99024 2.1
AUDUSD 0.68264 0.68282 1.8
NZDUSD 0.63305 0.63325 2
EURGBP 0.86423 0.86446 2.3
EURCHF 1.10098 1.10120 2.2
EURJPY 120.916 120.935 1.9
AUDJPY 74.232 74.250 1.8
GBPJPY 139.894 139.922 2.8
USDSGD 1.36510 1.36532 2.2
XAUUSD 1489.29 1489.57 28
XAGUSD 17.506 17.533 2.7

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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