EUR/USD stabilized near 1.0550 on Friday after posting gains for two consecutive days. The pair could continue to stretch higher ahead of the weekend
EUR/USD went into a consolidation phase near 1.0550 following a two-day rebound. Nonfarm Payrolls in the US are forecast to rise 170,000 in September. 1.0570 aligns as the next resistance for the pair. in case the September jobs report from the US confirm loosening conditions in the labor market. The US Dollar struggled to find demand on Thursday as the benchmark 10-year US Treasury bond yield continued to correct lower.
For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Later in the day, the US Bureau of Labor Statistics will release the September jobs report. Nonfarm Payrolls in the US are forecast to rise 170,000 in September, following the 187,000 increase recorded in August. A reading below 150,000 could attract dovish Fed bets and cause US yields to push lower.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Forecast: Momentum favors the Euro ahead of NFPThe EUR/USD has risen for the second consecutive day, approaching the 1.0550 area. The pair has been boosted by a weaker US dollar, moving away from i
Lire la suite »
EUR/USD Forecast: Euro faces next hurdle at 1.0540EUR/USD closed in positive territory on Wednesday and went into a consolidation phase above 1.0500 early Thursday. The pair's technical picture points
Lire la suite »
EUR/USD Forecast: Risky to bet on a steady Euro recoveryEUR/USD recovered modestly toward 1.0500 after touching its lowest level of 2023 below 1.0450. The pair's near term technical outlook suggests that th
Lire la suite »
EUR/USD gains traction above 1.0540 ahead of the German Factory Orders, US NFPThe EUR/USD pair holds positive ground during the early Asian session on Friday. The weakening of the US Dollar (USD) and a decline in the US Treasury
Lire la suite »
EUR/USD Price Analysis: Consolidates around mid-1.0500s, focus remains on US NFPThe EUR/USD pair is seen oscillating in a narrow trading band during the Asian session on Friday and consolidating its recovery gains registered over
Lire la suite »
EUR/USD faces a challenge around 1.0550 ahead of US NFP dataEUR/USD moves lower after two-day gains, trading slightly lower around 1.0540 during the Asian session on Friday. However, the pair found support on t
Lire la suite »