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Federal Reserve Chairman Jerome Powell said on Tuesday the US economy has "a long way to go" in order to reach full recovery, and called the Congress for continued fiscal stimulus to face the coronavirus damages.   Powell renewed his call the US lawmakers to continue to provide fiscal and monetary stimulus support to the economy until it is clearly "out of the woods."   However, Powell sees progress in job creation, goods consumption levels and business investment.   The Fed Chair warned the Congress from stopping the fiscal support, and stressed that such a move could lead to a weak recovery.

The US dollar fell on Tuesday, to deepen its losses for the second straight day, and hit a 2-week low, due to slowing demand amid improved market sentiment with US President Donald Trump's health improving as he left hospital after COVID-19 treatment, and growing hopes about the new fiscal stimulus in the US., ahead of an important speech by Federal Reserve Chairman Jerome Powell.    The dollar index fell 0.1% to the lowest level since September 21 at 93.34 points, after opening at 93.44, and hit an intraday-high of 93.54.   The index lost 0.4% yesterday, due to improved risk-appetite after US President Trump's health improved.   US President Donald Trump left the hospital and returned to the White House after COVID-19 treatment, which reduced the state of political uncertainty in the US.   Talks continued between US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin in attempts to reach an agreement on the new Covid-19 relief bill.   At 14:40 GMT, Federal Reserve Chairman Jerome Powell will deliver a speech at the National Association of Business Economics annual meeting about the US economic outlook, which is expected to provide key insight and new cues about the future of the US monetary policy.

One of the greatest football managers and two times UEFA Champions League winner, José Mourinho, has been appointed as the new brand ambassador for XTB.   XTB, the global leader in FX and CFD trading, has signed a partnership with José Mourinho, one of the greatest managers of all time in football. The Portuguese coach has led 4 team in 4 different countries (Portugal, England, Italy and Spain) to win their league, and one of only 3 coaches to win the UEFA Champions League twice with two different teams. Mourinho will be the brand ambassador for XTB for the next 2 years.   Omar Arnaout, CEO of XTB stated "I am very pleased to announce our partnership with José Mourinho, who is not only an exceptional personality, but also a symbol of a manager who has built his success on both strategy and winning mentality, which fits very well with the values and strategy of our brand, and also share the same desire to achieve the goals we set ourselves, Just as José helps his team to become the best in the world, we want to help our clients to become better investors with XTB, in which we provide the highest level of service and technology."   The announcement marks the beginning of the broker's new global branding campaign, Be Like José. The creative idea of ​​the story is based on the perception of the similarity between the challenges that investors face every day and those that the football manager faces. Good strategy, a desire to win and learn from failure are the main success factors in both football and investment.   XTB launched the promotional campaign with the release of a video including the new brand ambassador.   Jose Mourinho said "I am glad to be an XTB ambassador for the coming years, when we had discussions about starting cooperation with XTB, it turned out that we share many of the same values such as passion, professionalism, commitment, this is why I'm really happy to work with the amazing team at XTB and share my own experiences with more than 200,000 traders around the world. If you want to trade, be like me, choose XTB."

Euro rose in European trade for another session against dollar to two-week highs as sentiment improves on hopes for more stimulus by US government, and after President Donald Trump exited hospital after his Covid 19 treatment.    EUR/USD rose 0.2% to 1.1800, the highest since September 21, after closing up 0.5% yesterday as risk appetite improves.    The dollar index lost 0.1% on Tuesday on track for another day of losses, marking two-week lows at 93.34.    The decline comes as haven demand on the greenback slows down while hopes for US stimulus increase.    US President Donald Trump exited the Walter Reed military hospital yesterday and returned to the White House after his Covid 19 treatment.    The president's doctor cautioned he hasn't completely recovered yet, with Trump announcing plans to return to the election trail immediately.    Otherwise, Trump called on both political parties to work together to finish up the stimulus plan, days after the House passed a $2.2 trillion financial rescue bill.

USD/JPY tilted lower in Asian trade off late September highs ahead of US data and amid a lack thereof from Japan, and as investors await Fed Chair Jerome Powell's speech.    As of 06:59 GMT, USD/JPY fell 0.08% to 105.67, with an intraday low at 105.62.    From the US, the goods trade deficit is expected to balloon to $66.2 billion from $63.6 billion in July, while the JOLTS jobs opportunities index is expected down to 6.5 million.   Federal Reserve Chair Jerome Powell is due to speak about the US economic outlook at the National Association of Business Economics annual meeting, via satellite.   Federal Reserve Bank of Philadelphia President Patrick Harker will speak about machine learning at a webinar hosted by the Global Interdependence Center.    US President Donald Trump exited the Walter Reed military hospital yesterday and returned to the White House after his Covid 19 treatment.    The president's doctor cautioned he hasn't completely recovered yet, with Trump announcing plans to return to the election trail immediately.    Otherwise, Trump called on both political parties to work together to finish up the stimulus plan, days after the House passed a $2.2 trillion financial rescue bill.

The US dollar fell against its peers on Monday, amid news about improved health conditions of US President Donald Trump.   Trump announced on Friday that he and his wife have tested positive for the coronavirus and was put under quarantine.   The President was afterwards transferred to Walter Reed Military Medical Center as a precaution due to concerns that the virus will affect his health badly because of his old age and overweight.   However, medical sources expressed that Trump's condition is improving and he is responding to the treatment.   Secretary of State Mike Pompeo stressed the readiness of the US administration for all developments and scenarios.   Data showed today that the US services PMI rose to 57.8 points in September vs. 56.9 points in August.   The dollar index fell against a basket of currencies by 0.3% to 93.5 points as of 19:37 GMT, after it hit a high of 93.8 and a low of 93.3.

The British pound rose on Monday, thanks to renewed hopes about an agreement between the United Kingdom and the European Union on their post-Brexit relations.   Sterling was lifted last week after news of progress in the talks between London and Brussels, and experts expects that progress will continue to this week’s round.   The British Prime Minister Boris Johnson and the President of the European Commission Ursula von der Leyen agreed to intensify the talks to reach convergence and achieve an agreement that prevents no-deal Brexit.   Data showed today that the UK's services PMI rose to 56.1 points in September vs. 55.1 points in August.   As of 20:50 GMT, GBP/USD rose 0.4% to 1.2983, after hitting a high of 1.2992, and a low of 1.2900.

The US dollar fell against its peers on Monday, amid news about improved health conditions of US President Donald Trump.   Trump announced on Friday that he and his wife have tested positive for the coronavirus and was put under quarantine.   The President was afterwards transferred to Walter Reed Military Medical Center as a precaution due to concerns that the virus will affect his health badly because of his old age and overweight.   However, medical sources expressed that Trump's condition is improving and he is responding to the treatment.   Secretary of State Mike Pompeo stressed the readiness of the US administration for all developments and scenarios.   Data showed today that the US services PMI rose to 57.8 points in September vs. 56.9 points in August.   The dollar index fell against a basket of currencies by 0.3% to 93.5 points as of 19:37 GMT, after it hit a high of 93.8 and a low of 93.3.

The Institute for Supply Management (ISM) revealed that the US non-manufacturing activity index jumped to the positive territory for the first time in 7 months since the beginning of the coronavirus pandemic.   The ISM services PMI rose to 57.8 points in September vs. 56.9 points in August.   A reading above 50 points indicates continued growth of the sector and its recovery from the coronavirus impact.

The US dollar fell on Monday against a basket of major currencies, to resume losses after a pause on Friday, due to improved investors sentiment, thanks to news about US President Donald Trump's health improving, ahead of key data on the US services sector.   The dollar index fell 0.3% to 93.53 points, after opening at 93.81, and hit an intraday-high of 93.81.   The index gained 0.1% on Friday, posting its first daily gain in 5 days, within recovery attempts from 1-week low of 93.53 points.   The US dollar lost 0.8% during the past week, posting its second straight weekly loss, on slowing demand due to positive news about the second fiscal stimulus package in the US.   The medical team handling Trump's case said his condition is improving and he might exit the hospital on Monday.    Trump's announcement of testing positive for Covid-19 shocked the markets, with Trump now transferred to a medical center to monitor his condition.    Investors are anticipating key economic data releases today on the US  services sector for June, which will deliver insight on the performance of the US economy and its recovery path during the third quarter.   At 14:00 GMT, the ISM services PMI is expected to rise to 56.3 points in September vs. 56.9 in August.

Euro rose on Monday against dollar after a hiatus from gains yesterday, nearing week highs as sentiment brightens with US President Donald Trump's health improving.    EUR/USD rose 0.3% to 1.1745, after closing down 0.25% on Friday on profit taking away from week highs at 1.1769.   The common currency rose 0.7% last week against dollar following developments in US new stimulus plans.    The dollar index fell 0.1% on Monday after a hiatus from losses on Friday with haven demand declining on the greenback.    The medical team handling Trump's case said his condition is improving and he might exit the hospital on Monday.    Trump's announcement of a Covid 19 infection shocked the markets, with Trump now transferred to a medical center to monitor his condition.

USD/JPY tilted higher in Asian trade off September 23 lows amid a lack of data today from Japan and ahead of US data, while investors assess developments on President Donald Trump's health and US stimulus plans.   As of 06:53 GMT, USD/JPY rose 0.22% to 105.57, with an intraday high at 105.61.    From the US, the services PMI is expected at 54.6 in September, down from 55 in August.    The medical team handling Trump's case said his condition is improving and he might exit the hospital on Monday.    Trump's announcement of a Covid 19 infection shocked the markets, with Trump now transferred to a medical center to monitor his condition.    Otherwise, Trump called on both political parties to work together to finish up the stimulus plan, days after the House passed a $2.2 trillion financial rescue bill.

The US dollar rose on Friday, on safe-haven bids, after US President Donald Trump announced testing positive for coronavirus.   The US Labor Department revealed today that the US economy has added 661,000 new jobs in September, lower than forecasts of 900,000.   While the unemployment rate fell to 7.9% from 8.4%, and beat forecasts of 8.2%.   US President Donald Trump tweeted that he and the first lady tested positive for Covid-19 and began quarantine and recovery process immediately at the White House.   Russian President Vladimir Putin sent his wishes for a fast recovery of Trump and his wife, and the Democratic presidential candidate Joe Biden said he send his thoughts to President Trump and his family for a swift recovery.    White House sources said that the president's youngest son Barron also tested positive for the virus.   The dollar index rose against a basket of currencies by 0.1% to 93.86 points as of 19:32 GMT, after it hit a high of 94.03 and a low of 93.6.

The Japanese yen rose on Friday, after the release of positive economic data, amid volatility in global markets.   US President Donald Trump tweeted that he and the first lady tested positive for Covid-19 and began quarantine and recovery process immediately at the White House, and sources said that the president's youngest son Barron also tested positive for the virus.   The US Labor Department revealed today that the US economy has added 661,000 new jobs in September, lower than forecasts of 900,000, while the unemployment rate fell to 7.9% from 8.4%, and beat forecasts of 8.2%.   From Japan, the unemployment rate rose to 3% in September from August's 2.9%, on par with forecasts.   The Japanese monetary base index jumped 14.3% in September, beating forecasts of 11.9%, and the consumer confidence index rose to 32.7 points, higher than forecasts of 31.6.   As of 21:10 GMT, USD/JPY fell 0.1% to 105.3, after hitting a high of 105.6 and a low of 104.9.

The energy services firm "Baker Hughes" announced today that the US crude oil drilling rigs count rose 6 rigs to 189 during this week.   While the natural gas rigs fell by 1 to 74 rigs, with the total of oil and gas rigs rising by 5 to 2616 rigs.

At 12:30 GMT, the US economy released its reading for the non-farm employment change index, as the economy added 0.661 million jobs in September, lower than forecasts of 0.900 million jobs, and lower than the previous reading that was revised to 1.489 million from 1.371 million jobs. This data is negative for the US economy

At 12:30 GMT, the US economy released it reading for the average hourly earnings for September, which rose by 0.1%, missing forecasts of a rise by 0.5%, and lower than the previous reading of 0.3% after it was revised from 0.4%. This data is considered negative for the US economy

At 12:30 GMT, the US economy released it reading for the the unemployment rate for September at 7.9%, better than forecasts of 8.2%, and better the previous reading of 8.4%. This data is positive for the US economy.

The US dollar rose on Friday, to maintain above the 1-week low hit yesterday, to head for the first gain in 5 days, shining as the best alternative investment amid risk aversion after US President Donald Trump announced testing positive for the Coronavirus, ahead of the US jobs report for September.   The dollar index rose over 0.3% to 94.03 points, after it opened at 93.73 points, and hit an intraday low of 93.71 points.   The index lost 0.1% yesterday, posting its fourth straight daily loss, and hit a 1-week low of 93.53 points.    Demand for the US dollar was renewed, as most global stocks fell on risk aversion, after the President of the United States announced he tested positive for Covid-19.   US President Donald Trump tweeted that he and the first lady tested positive for Covid-19 and began quarantine and recovery process immediately   Investors are anticipating the release of key data later today, as the non-farm employment change reading will be released at 12:30 GMT, with forecasts of the creation of 0.900 million new jobs in September vs. 1.371 million jobs in August, and the unemployment rate is expected to drop to 8.2% from 8.4%, while the average hourly earnings is expected to rise by 0.5% vs. 0.4%.

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Euro fell in European trade away from week highs against dollar on profit-taking while still heading for weekly gains as global sentiment improves.    EUR/USD fell 0.4% to 1.1695, after closing up 0.2% yesterday, marking a week high at 1.1769.    The common currency is up 0.7% so far this week, which would be the largest weekly profit since July.    The best weekly gains in two months come following hopes of a new stimulus package in the US from Covid 19.    Now investors await a spate of data from Europe on inflation as Covid 19 cases surge back across the continent.    Europe's consumer prices are expected down 0.1% in September after a 0.2% drop in August.