Last Friday, the US Dollar briefly weakened following news from a senior member of the US Democratic Party that the government’s coronavirus relief stimulus is likely to be reached soon. Nancy Pelosi, a senior member of the US Democratic Party, stated on Friday evening that an agreement might be reached to approve the US government’s stimulus relief in the near future.

The agreement caused a sell-off of liquid assets in the US dollar, which had strengthened throughout last week amid concerns over the coronavirus pandemic. Additionally, the holiday in China and the limited economic data to be released today could trigger a cautious market stance (wait and see).

The market is also awaiting a speech from the Governor of the European Central Bank, Christine Lagarde, at 20:45 WIB tonight. The following is the economic data that will be released today, Monday, September 28, 2020:

  • The market is waiting for a speech from the Governor of the European Central Bank, Christine Lagarde, at 20:45 WIB and has the potential to be a driver of EURUSD.

Daily Pick

Today's prediction is on the UJ pair (USDJPY) which is expected to decline, and the recommended OP is SELL at level 105,300 with a profit target of 10 - 20 points and a stop loss of 5-10 points. Still prioritize Money Management and Risk Management.

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