US data

• ISM index of employment in the manufacturing sector   (Aug),  fact  58.5,  forecast 56.0.
• ISM index of business activity in the manufacturing sector (PMI)  (Aug),  fact 61.3,  forecast  57.6.

The data were very optimistic, confirming the positive dynamics of these indicators and increasing optimism about the American dollar. At the same time, the US dollar continues to remain overbought on the whole market spectrum, and the main driver remains the growth of the United States state bonds yield, that in the end opens the way to psychological resistance 96.00. It is worth noting that the level of 95.70 remains a significant resistance.

The US dollar index chart. The current price is 95.70 (10-year government bonds yield is a blue line)

Read also: “Euronext Exchange – Association of European Stock Exchanges”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Norwegian Krone. Features of trading Scandinavian currencies
2. Stock indices of America: Canada, Mexico and Brazil
3. Trade balance influence on the country’s economy

Current Investment ideas:

1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!