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Positive indicators of Germany can support the euro

China and the USA continue to “excite” the markets. Countries have agreed to continue trade negotiations, but the United States may likely prohibit Chinese firms from selling shares on US exchanges. The U.S. Treasury Department said no such action was planned, but Asian markets fell anyway on Monday morning.

Economic calendar

In the morning, China introduced the September Business Activity Index (PMI). The published index of 49.8 turned out to be better than expected, but still below 50, which indicates a slowdown in the country’s economy.

10:55 (GMT+3) Germany published data on the number of unemployed in September. The indicator exceeded the forecast: the number of unemployed decreased by 10 thousand.

11:30 (GMT+3) will come out of GDP for the second quarter in the UK. The indicator is not expected to change at 1.2%.

Economic calendar Sept 30

Oil. On Monday, oil declines by an average of -0.6%. In the morning, WTI crude oil is $55.6. Brent futures are trading near $61.4.

Gold. The protective metal drops again. In the morning, gold is down -0.4% and is trading near $1490.

Currency. On Monday, the DXY dollar index is stable. In the morning, DXY is 99 against a basket of major currencies.

On September 30, the dollar remains virtually unchanged against the yen. In the morning, the pair USD/JPY is trading at 107.8.

The euro (EUR) began to stabilize after a recent fall. In the morning, the EUR/USD pair is slightly lower and is trading near 1.0931.

Pound Sterling (GBP) has begun to recover. On the morning of September 30, the GBP/USD pair is trading around 1.2301.

Cryptocurrency. Bitcoin (BTC) continues to fall in price and is trading at around $7,780. In the morning, Ethereum (ETH) is trading near $166.5.

The price of Litecoin (LTC) drops by -1.3% and amounts to $53.2.

 Trading Signals

(Interval one day)

Signals Sept 30 fx Signals Sept 30 crypto

Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.