In the video above, I take a look at the 3 major currency pairs from a technical perspective - the EURUSD, USDJPY and GBPUSD.
Ifo Business Climate (Aug): 89.0 (BEAT; exp. 88.6, prior 88.6)
Expectations: 91.6 (BEAT; exp. 90.3, prior 90.7; revised 90.8)
This week, the focus will be on Nvidia's earnings which will be reported on Wednesday after the close. Expectations are for $1.00 EPS on Revenues of $45.94BB. A year ago the EPS the minute $0.68 (+47% from year ago) with Revenues that $30.04B (+53% from year ago).
Tuesday, Aug 26
9:30pm: AUD – CPI y/y (Forecast 2.3%, Prev 1.9%)
8:30am: USD – Prelim GDP q/q (Forecast 3.1%, Prev 3.0%)
Friday, Aug 29
8:30am: USD – Core PCE Price Index m/m (Forecast 0.3%, Prev 0.3%)
9:30pm: CNY – Manufacturing PMI (Prev 49.3)
New-home sales for the month of July will be released at 10 AM with expectations for 0.630 million versus 0.627 last month. Existing home sales last week came in a better than expected at 4.01 million versus 3.92 million estimate.
US stocks are trading lower in premarket trading
Dow industrial average -110.74 pointsS&P index -18.66 pointsNASDAQ index -93 pointsin the US debt market, yields are higher:
2 year yield 3.727%, +4.0 basis points10 year yield 4.284%, +2.7 basis points This article was written by Greg Michalowski at investinglive.com.Hence then, the article about the usd is mostly higher to kickstart the new trading day week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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