U.S. dollar settled yesterday after touching new highs as U.S. private employers’ added 177k jobs in August. The U.S. dollar index settled at 96 pips.
Gold touched the psychological barrier of $1,300, as the U.S. dollar surged. From a technical point of view, the precious metal could re-test levels of $1,300 in anticipation of U.S. non-farm payroll data.
U.S. dollar spiked higher vs. Japanese Yen and touched ¥103.50. Technically, the pair could break ¥10.350 and touch ¥105 during the next period, if everything goes well with the U.S. non-farm payroll data.
On Wednesday, GBP pared its losses vs. USD and settled at $1.31. Technically, cable could touch $1.30 by the beginning of the next week.
Euro settled at $1.1150 vs. USD as the Euro-Zone Consumer Price Index unexpectedly fell by 0.2%, unlike expectations that pointed to a rise of 0.3%.
Oil price declined yesterday after weekly inventory data showed that U.S. stockpiles of crude oil rose to a record high. The U.S. Energy Information Administration said that U.S. crude oil stockpiles rose by 2.3 million barrels in the week ending 26th Aug. U.S. crude decline to $45 and could decline further by the end of the week.
The most important economic events:
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