On the first day of the autumn, the main currency pair continues moving without any ideas; buyers are very careful, sellers aren’t active.
On Thursday, the EUR/USD pair is falling a little bit. This week, the price movement of the main currency pair is quite complicated, investors’ sentiments are changing all the time, but bears have the edge so far. The current quote for the instrument is 1.1141.
Today’s statistics showed that the manufacturing PMI in Germany in August was 53.6 points, the same as expected. The similar report for France showed 48.3 points against the predicted number of 48.5 points. The Index for the Eurozone last month was 51.7 points against the expected number of 51.8%.
Today the USA are going to publish the report on changes in the number of jobless claims over the last week, and on Friday – several statistics reports relating to the employment market in August. The latter reports are eagerly expected by the market. The stronger the statistics, the more reasons the Fed will have for making decisive moves during its meeting in September.
The report from ADP relating to the Non-Farm Employment Change showed additional 177 thousand jobs against the expected number of 175 thousand. On the whole, the statistics was the same as expected, and it was estimated by the market rather well.
The demand for the US Dollar is stronger than for other currencies. In anticipation of the Fed meeting on September 21st
and based on “hawkish” comments made by monetary politicians, some market players don’t exclude a possibility of the rate change after all.
RoboForex Analytical Department
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