analytics

Dollar holds a position at the beginning of the week

By 30/09/2019 No Comments

Asian markets declined on Monday, as traders fear the continuation of the trade war, even though the US Treasury Department has denied rumors about the delisting of Chinese companies from US exchanges (removal from the trading list). At the moment, it is known that the American company Nasdaq Inc. toughens IPO requirements for small Chinese companies on the NASDAQ.

Economic calendar
Forex calendar Sept 30
 
China published the business activity index (PMI) for September. The indicator turned out to be better than the forecast – 49.8.

At 10:55 (GMT+3), data on the number of unemployed for September in Germany will be released. Unemployment is expected to increase by 1 thousand in comparison with the previous indicator: 5 thousand instead of 4 thousand.

At 11:30 (GMT+3), the UK will publish GDP for the second quarter. Analysts suggest that the indicator will remain the same – 1.2%.

Commodity Markets
Gold. The defensive asset is getting cheaper by -0.3% on Monday. On the morning of September 30, gold futures cost $1,491 per troy ounce.

Oil. Raw material becomes cheaper amid weak performance in China, one of the largest consumers of oil. On the morning of September 30, Brent futures were trading at $61.5 a barrel, and WTI crude oil was $55.7.

Forex
On Monday morning, the DXY dollar index remains in position against a basket of major currencies at 99.

The pound is growing at 0.1% on Monday. On the morning of September 30, the GBP/USD pair is trading around 1.2303.

Low rates of the eurozone countries negatively affect the single currency, which is why the euro is again falling on Monday. EUR/USD is trading fairly low at around 1.0943.

On September 30, the dollar becomes cheaper by 0.1% against the yen. On Monday morning, the pair USD/JPY is trading near 107.7.

Daily Trading Signals
Trading signals Sept 30 fx Trading signals Sept 30 commod
  
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