Traders eye on upcoming key economic indicators next week.
*Commitments of Traders report*
USD Index - Long (-1) Short (-537) – According to the COT report USD still remains bullish.
As per the current market condition, only look for shorts to next level 1.065 with confirmation.
- According to economic analysts the ECB is most likely to keep the interest rate unchanged in September.
- US inflation continues to slowdown even though labor market still reminds a bit of strong.
- U.S. Initial Jobless Claims dropped to 216K from 229K (Previous)
- ISM Manufacturing PMI increased to 47.6 from 46.4 (Previous)
*Commitments of Traders report*
USD Index - Long (-1) Short (-537) – According to the COT report USD still remains bullish.
As per the current market condition, only look for shorts to next level 1.065 with confirmation.