U.S. data

• ISM non- manufacturing employment index (Oct), fact 59.7, previous value  62.4.
• ISM Non-Manufacturing PMI (oct), fact 60.3, forecast 59.3.

Statistics on business activity in the United States was very positive, especially against the background of the general weakness of the US dollar. The index of activity in the US in October remains near the annual highs, indicating a positive trend of activity and the economy as a whole.

Fig. 1. The US Business activity in the non-manufacturing sector (PMI) chart

 

On positive statistics, the dollar index slowed down the decline caused by the return of the market to optimistic sentiment. As a result, the American dollar will be limited to the  support level 96.30-20.

Fig. 2. The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “In Focus: Analysis of transactions for a  EUR/USD pair during the week”

Hanzenko Anton

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