The Euro is barely moving. Overview for 08.10.2019

2019-10-10 00:04    RoboForex

On Tuesday, EURUSD is barely moving; the pair is saving strengths in anticipation of news.

The major currency pair is standing still in comparison with yesterday. The current quote for the instrument is 1.0980.

Right now, the USD is looking stable, because the entire investment world is braced for another upcoming round of US-China trade talks. It’s not easy to predict where it may lead to, but investors have great expectations ща this event. 

In the evening, there will be a lot of numbers from the USA. For example, the country is going to report on the Producer Price Index for September, which is expected to add 0.1% m/m, the same as in August. The Core PPI may expand by 0.2% m/m after adding 0.3% m/m the month before. 

In addition to that, market players will be offered the NFIB Small Business Index report, which may show 102.6 points in September after being 103.1 points in the previous month. If small businesses do reduce their expectations and plan to become less active at the time when the buyer's interest is going down, it’s a bad signal for the American economy. 

Later in the evening, several Fed policymakers are scheduled to speak. The regulator’s Chairman Jerome Powell is one of them. 

EUR

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