EURUSD is holding balance. Overview for 23.09.2019


After taking into account all news that was published earlier, EURUSD managed to find support.

Early in another September week, the major currency pair is looking quite stable and confident. The current quote for the instrument is 1.1023.

The key highlight of this week will be the resumption of trade talks between the USA and China. Last Thursday, the parties already met and tried to resume the dialog, but no constructive feedback was reported. At the same time, the fact of resumption is surely very positive and may lower the risk level on financial markets.   

There will be a lot of minor numbers in the economic calendar from the Euro Area and some of its countries today. For example, preliminary September reports of the Manufacturing and Services PMI from France, Germany, and the Euro Area, which may show a little positive. The European currency won’t get much support from this, but it’s still good for keeping fundamental background stable. 

Later in the afternoon, the ECB Governor Mario Draghi is going to speak. No one knows what he is going to tell market players and experts, but it may be assumed that the topic to be covered in Draghi’s speech will be the regulator’s monetary policy and economic outlook.


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.