The US dollar weakened against other major currencies, due to market players/investors' caution towards the first presidential debate between Trump and Biden this morning. The weakening of the dollar was also triggered by positive signals on stocks over the positive prospects of the US stimulus package.

The following is the economic data for Wednesday, September 30, 2020:

  1. The market's focus this morning is on the U.S. presidential candidates' debate, which will take place at 08:00 WIB.
  2. China's Manufacturing Index data at 08:00 WIB and the Caixin Manufacturing PMI at 08:45 WIB have the potential to move the AUD/USD and the Hang Seng index.
  3. AUD/USD also has the potential to move with the Building Approval and Private Sector Credit reports at 08:30 WIB.
  4. Germany's import price and retail sales reports at 13:00 WIB, ECB Governor Lagarde's speech at 14:20 WIB, and Germany's unemployment data at 14:55 WIB are expected to drive the EUR/USD.
  5. GBPUSD has the potential to move on the Current Account and Final GDP reports at 13:00 WIB.
  6. The US dollar has the potential to move tonight, with a series of data such as ADP Non-Farm Employment Change at 19:15 WIB, US GDP at 19:30 WIB, Chicago PMI at 20:45 WIB, and Pending Home Sales at 21:00 WIB.
  7. Oil prices have the potential to move actively on the EIA's US crude oil reserves report at 21:30 WIB, previously API released a decline of 0.83 million barrels.

Daily Pick

Today's prediction is on the GOLD pair and is expected to continue to increase, and the recommended OP is BUY at level 1900 With a profit target of 5-10 points and a stop loss of 3-5 points. Still prioritize Money Management and Risk Management.

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