The day for the popular currency EUR is quiet, there are no material stats scheduled for today so we can have a direction. A turn in momentum towards trade, supported by upbeat economic drivers and on hopes of trade talks restarting to probably give an end to the trade war before the end of this year.
The probable sentiment towards trade and the possibility of the negative impact on the Eurozone’s economy will continue to be a short term driver, the EU is still on Trump’s trade war list. The technical view of the EUR is that the popular currency was up about 0.10% to $1.1683. For the GBP, economic data are scheduled for later this morning includes August retail sales figures that will probably give us the direction, forecasts have been negative again. We can expect positive numbers to have a short time impact on the Pound, with Brexit news to continue to be in focus.
The U.S. Equity Markets still in fear over US-China Tensions
Daily Analysis - 20/09/2018