Today the focus is on growth in Japan, slipping oil, and concerned Germans.
The US Fed Chair Powell will speak publicly. His statements will be watched by traders around the world and could influence the USD.
Assets to trade: USD/MXN, USD/CAD, USD/NOK
The prices Japanese companies charge each other for services rose for a fifth straight month in July, data showed on Thursday, a sign the economy was holding up despite the hit from a resurgence in COVID-19 cases and curbs to combat the pandemic. Affects JPY
European shares headed lower on Thursday after data outlined faltering consumer morale as COVID-19 cases surge, while worries about monetary policy outlook further dented the mood. Affects Euro Stoxx 50
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as Mexico restored some oil production. Affects Brent
The mood among German consumers darkened heading into September as accelerating inflation and rising COVID-19 cases made them more hesitant to buy, a survey showed on Thursday. Affects EUR
China is maintaining “normal communication” with the United States on trade, the Chinese government said on Thursday, one of the few areas the world’s two largest economies have refrained from confronting each other over this year. Affects S&P 500
The eurozone has seen regional and German consumer sentiment fall as COVID-19 concerns continue to loom large. This has already impacted the stock market and could weigh heavily on the currency.
The pair has show Three White Knights but may falter in the face of the resistance zone.
Prices are currently trading within a channel and will need serious momentum to break the topp boundary.
The credit giant has been indecline and the trend looks like it will continue.