empty
 
 
30.03.2023 11:19 PM
EURUSD: up on strong U.S. data

This image is no longer relevant

EURUSD, 4-hour chart

U.S. news out: Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period.

Continuing claims, which run a week behind, edged up 4,000 to 1.689 million.

What the data shows: the labor market is still strong in the U.S. - unemployment is not rising - jobless claims remain near multi-year lows.

This paves the way for the Federal Reserve to raise rates again at the next meeting.

Classically, it's a path for the dollar to rise - but the euro is also trying to rise.

It is likely that the market will hold the euro high until Friday's PCE U.S. inflation report.

So, you can try to sell around the current - but it is more competent to either wait for the inflation report, or see the first wave of euro fall first and then sell from the rebound upwards.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback