The Euro is trying to grow. Overview for 21.09.2020
Early in another September week, EURUSD is back to growing.
On Monday, the major currency pair is in the “black” after pretty volatile trading sessions last Thursday and Friday. The current quote for the instrument is 1.1862.
Last week, market players were quite nervous as they had to focus on the news that came from global Central Banks. On Friday, the USA reported on the UoM Consumer Sentiment, which showed 78.9 points in September after being 74.1 points the month before and against the expected reading of 75.0 points.
A little bit earlier, the USA published the Unemployment Claims, which showed 860K after being 893K the week before. The labor market is slowly improving although the expected reading was better.
This week, there won’t be many numbers from the USA but the ones that are to be published will be connected with real estate. However, investors are most likely to focus on several speeches to be delivered by the US Federal Reserve Chairman Jerome Powell. Powell is expected to talk about the current economic situation in the country and future fiscal measures.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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