01:30 EET. The greenback rebounded sharply last week on the heels of better than expected data releases. Eurusd, labour, day outlook, the euro opened higher on Monday, as the market stabilized following a volatile week. The psychological.30 level continues to offer immediate resistance. The EUR/USD exchange rate rose.2.1886, where it was awaiting key fundamental cues in the form of monetary policy and economic data. IHS Markit and the Chartered Institute of Purchasing and Supply (cips) will also report on UK construction activity. Forex, market Outlook. The dollar index (DXY) fell.2.66 at the start of Asian trading. The monthly report, which is used to gauge the sentiment of institutional investors, is forecast to slip.4 in September from.7 the previous month. OctaFX present their, forex, market Outlook.
Labour, day, holiday, in terms of official data, the European Unions statistical agency will report on producer inflation at 09:00 GMT. Also, the GBP/USD pair extended gains on Monday, climbing.1.2963. Best Regards, Fxglroy Management Team. On the opposite side of the spectrum, resistance is located.1920, followed.1960. The economic calendar features several high-profile events this week.
Disclaimer, this article about, forex, market Outlook. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, acts of nature and other factors, all of which may substantially affect the price or availability of one or more foreign currencies. Moreover, the rush to gold likely reflects renewed risk aversion in the financial markets after North Korea tested its most powerful nuclear bomb yet. Day celebration in the USA which will be held on September 4th, trading hours on Spot Metals (Gold, Silver, xauusd, xagusd) and Oil will be changed. Dear Clients, Due to the Labor, day celebration in the USA on September 5th, please note that the trading hours on all Spot Metals such as Gold, Silver, Platinum, Palladium (XAU, XAG, XPT, XPD) will be changed. Labour, day, holiday should not be taken as advice nor substitute for professional marketing consulting. Specifically, this translates to a year-over-year gain.2, according to estimates. Also, spot prices opened.8 higher, bullion reaching 1,336.00 a troy ounce on the Comex division of the New York Mercantile Exchange.
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The gold rush continued Monday, with bullion surging to new yearly highs. Dear Clients, Please be informed that due to the Labor. Below that level,.1740 is the next immediate play. On the downside, immediate support is likely found.2880, followed.2850. Above that level, the pair is eyeing.3040. On Friday, the US Labor Department said nonfarm payrolls rose by 156,000 in August, below forecasts calling for 180,000. The mentioned instruments will be unavailable. In currencies, the US dollar moved lower at the start of the week. Please dont hesitate to contact us if you have any questions! The global financial markets will see limited action on Monday, as North America pauses for the annual. Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.
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