8:57 AM · 2 September 2020

📈 Solid gains in Europe 🚀

European indices launched today's trading higher after moods were boosted by better-than-expected ISM data yesterday. Gains accelerated after the launch of the European cash session. In turn, German DE30 and French FRA40 trade around 1.3% higher each. ADP employment data release at 1:15 pm BST is the main risk event of the day and should be watched closely.

DE30 broke above the upper limit of the downward channel and approached the resistance zone at 13,175 pts. Source: xStation5

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