EUR/USD today: the market is waiting for employment data in the US - Ester Holdings

EUR/USD today: the market is waiting for employment data in the US

On Thursday, the US dollar continued to grow across the entire spectrum of the market, ignoring overbought. The reason for the growth of the American dollar was the correction of US 10-year-old state bonds and the continued optimism about the American dollar after the Fed meeting.

Events for today:

  • At 15:30 – the employment  report in the US will also be released: the average hourly earnings (compared to the same period last year) (y / y) (July), average hourly earnings (m / m) (July), the volume of exports (July), the proportion of the economically active population (July), nonfarm payrolls (July), the trade balance (June), and the unemployment rate (July),
  • At 16:45 –  data on business activity in the United States.
  • 17:00 – data on the US: ISM non-manufacturing employment index (July) and ISM non-manufacturing index of business activity (PMI)  (July).
  • 20:00 –  number of oil rigs from Baker Hughes.

The main event of the day is the publication of the employment report in the US (NFP), which in the end will act as a deterrent for investors before the release of this news.

Therefore, the EUR/USD pair is expected to form a flat from 1.1600 to 1.1550, which is caused by weak statistics on business activity in Europe and investors’ holding a waiting position. Significant levels of support are the marks: 1.1550, 1.1500 and 1.1480, resistance: 1.1630-50, 1.1680 and 1.1700.


Read also: “Trading on the news! Let’s consider in detail »

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. Emerging markets and their prospects: Turkish lira (TRY)
  2. Stock indices: the UK market
  3. In Focus: Analysis of transactions for a EUR/USD pair during week

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