Gold, Silver Price Forecast: Key Supports Broken as US Dollar Strengthens

Gold prices broke a key support level at US$ 1,910, as a rising USD Dollar weighed on precious metal prices. Silver prices drifted lower for a third day, eyeing key support at US$ 23.30. Via DailyFX - Market News https://ift.tt/32vveVH

Japan Manufacturing PMI Inches Higher In September - Jibun Bank

The manufacturing sector in Japan continued to contract in September, albeit at a barely slower pace, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 47.3.

That's up marginally from 47.2 in August, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production and new orders fell markedly again, although the rate of job shedding was the softest in four months. Business confidence rose to its strongest level in more than two years.

The data also showed that the services PMI crept up to 45.6 from 45.0 last month, while the composite index rose to 45.5 from 45.2.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2164235/

*Japan Manufacturing PMI 47.3 In September, Services PMI 45.6 - Jibun Bank

Japan Manufacturing PMI 47.3 In September, Services PMI 45.6 - Jibun Bank

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2164234/

AUD/USD Rate Eyes August Low as RBA Outlines Monetary Policy Options

AUD/USD appears to be on track to test the August low (0.7076) as the Reserve Bank of Australia (RBA) provides further details regarding the options for monetary policy. Via DailyFX - Market News https://ift.tt/32vveVH

Copper Price Outlook Remains Bullish Despite Shift in Risk Appetite

Copper prices may continue to push higher despite a worrying surge in Covid-19 cases and the lack of progress in Congressional stimulus negotiations. Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Dollar Gains on RBNZ, But NZD/USD May Follow S&P 500 Lower

While the New Zealand Dollar rose on the RBNZ rate decision, NZD/USD remains at the mercy of risk trends given recent volatility in the S&P 500. Kiwi’s broader decline may continue. Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Interest Rate Decision On Tap For Wednesday

The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBNZ is widely expected to keep its Official Cash Rate (OCR) unchanged at the record low 0.25 percent.

The central bank in Thailand also will conclude its monetary policy meeting and then announce its decision on interest rates; the bank is widely expected to keep its benchmark lending rate steady at 0.50 percent.

Singapore will provide August figures for consumer prices; in July, overall inflation was down 0.3 percent on month and 0.4 percent on year, while core CPI also sank an annual 0.4 percent.

Japan will see July results for its all-industry activity index and September figures for the manufacturing, services and composite PMIs from Jibun Bank.

In June, the all-industry index climbed 6.1 percent on month. In August, the manufacturing PMI had a score of 47.3, while services was at 45.0 and the composite showed 45.2.

Taiwan will release August numbers for industrial production and retail sales. In July, industrial production was up 2.65 percent on year and retail sales gained an annual 2.5 percent.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2164233/