Markets Move into the Euphoria before FOMC

Read the article on FBS website

eurjpy 4hr.png

EURJPYH4.png

eurgbp 4hr.png

EURGBPH4.png

Midday Market View

Asian equities advanced on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines. E-Mini futures for the S&P 500 put on 0.6%, reversing early losses, while EUROSTOXX 50 futures eased 0.4%. Chinese blue chips added 0.7%, buoyed by data showing China's industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month. The yuan climbed to a 16-month high.

 

Midday Key Point

  • NZD is the strongest and CAD the weakest against the USD
  • German ZEW survey expectations come at 77.4 vs 69.8 than expected
  • ECB's Panetta says Governing Council ready to adjust all policy instruments

TRADE NOW

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.