Important news for the day
-
Fri, 30th, 11:00 CET EU CPI flash estimate.
Last trading day
Today markets might face some extra volatility and potential profit taking during the last trading day of the month. As equities look slightly shaky near or at their current all- time- highs some downside momentum might occur. The unemployment data from the US yesterday has shown a steady pace and today’s CPI data from the Eurozoone might offer further insights for the European Central Bank.
Market talk
The slight strength of the Greenback currently resurfaces and causes most currencies to lose some momentum against the Dollar. Also the precious metals markets return lower and equities might remain at or below current levels. Worth noting that oil prices remain range bound within the current triangle pattern. A breakout into either direction as the weekly chart suggests, might happen. Based on the monthly pattern, though, a push to higher levels might follow. The market has been able to remain on top of the long- term critical 50- moving average, which acts as a positive bias for oil. Crypto markets remain sideways but still might offer bearish sentiment as technical patterns suggest. Upcoming general moves in markets should depend on the development of the US- Dollar.
Tendencies in the markets
-
Equities weaker, USD stronger, cryptos weak, oil positive, metals sideways, JPY stronger.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.
Recommended Content
Editors’ Picks
![EUR/USD stays below 1.1200 ahead of EU inflation data](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/european-euro-coin-on-top-of-american-dollar-bill-11292130_XtraSmall.jpg)
EUR/USD stays below 1.1200 ahead of EU inflation data
EUR/USD struggles to gather recovery momentum and trades in a narrow channel below 1.1200 on Friday after the data from the Eurozone showed that the annual HICP inflation softened to 2.2% in August. Investors await PCE inflation figures from the US.
![GBP/USD advances toward 1.3200 ahead of US PCE data](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-157771037_XtraSmall.jpg)
GBP/USD advances toward 1.3200 ahead of US PCE data
GBP/USD is gaining ground in the European trading hours on Friday, approaching 1.3200 as risk sentiment remains in a sweeter spot. Traders, however, could refrain from placing further bets on the pair ahead of the all-important US PCE inflation data.
![Gold rangebound ahead of US PCE release](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-bars-50657756_XtraSmall.jpg)
Gold rangebound ahead of US PCE release
Gold trades mixed on Friday, edging up to trade in the $2,520s as traders await US inflation data in the form of the US Personal Consumption Expenditure (PCE) Index for July.
![Easing Eurozone inflation to back an ECB rate cut in September](https://editorial.fxstreet.com/images/Macroeconomics/Countries/Europe/Eurozone_countries/Eurozone/eu-flags-flying-at-the-european-commission-building-brussels-belgium-24759579_XtraSmall.jpg)
Easing Eurozone inflation to back an ECB rate cut in September Premium
Eurostat will publish the preliminary estimate of the August Eurozone Harmonized Index of Consumer Prices on Friday, and the anticipated outcome will back up the case for another European Central Bank interest rate cut when policymakers meet in September.
![US core PCE inflation could help markets gauge how big will be Federal Reserve’s September rate cut](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Prices/Inflation/inflation-4942440_XtraSmall.jpg)
US core PCE inflation could help markets gauge how big will be Federal Reserve’s September rate cut
The United States (US) Bureau of Economic Analysis (BEA) will release the high-impact core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s (Fed) preferred inflation gauge, on Friday at 12:30 GMT.
![Moneta Markets review 2024: All you need to know](https://editorial.fxstreet.com/images/IT/Testing/Review/FXSBadgeCertifiedBackg_XtraSmall.png)
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.