EUR/USD oscillates around 0.9800 as investors prepare for US employment data – by Sagar_Dua24 EURUSD Fed Inflation Employment RetailSales
As expected, the DXY didn’t respond well to the higher-than-expected US core PCE data.is displaying back-and-forth moves around 0.9800 in the early Tokyo session. The asset has turned sideways in a 0.9780-0.9815 range as the currency domain is developing itself ahead of the US employment data. For a while, the shared currency bulls are expected to drive the asset higher as it has concluded the corrective move below 0.9750 after hitting a high of 0.9850.
On Friday, the US dollar index displayed a lackluster performance despite a higher-than-expected core Personal Consumption Expenditure Price Index, Federal Reserve preferred inflation tool to gauge inflation. TheThe impact was expected lower as the market participants have already displayed their response toward the more-than-predicted release of the headline Consumer Price Index and core CPI for September. In response to that, theGoing forward, the US employment data will hog the limelight.
will land at 250k vs. the prior release of 315k. While the Unemployment Rate will remain steady at 3.7%.Retail Sales data will be of utmost importance. The economic data is expected to decline by 1.7% against a decline of 0.9% reported earlier. In times, when the inflation rate is mounting firmly, a decline in Retail Sales is a cause of worry. Meanwhile, investors should be aware that German markets are closed on Monday on account of the Day of German Unity.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD: Weekly Forecast 2nd \u2013 7th OctoberThe EURUSD finished the last week of trading above the 0.98000 ratio, which was better than the previous week’s finish: Trading FOREX
Read more »
Trading Support and Resistance \u2013 USD/CHF, USD/CAD, EUR/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
Pairs in Focus This Week- EUR/USD, USD/CAD, Gold, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 2nd, 2022: Trading
Read more »
Rights Groups Say Pentagon Buys Way Around Fourth AmendmentTwo dozen groups urge Congress to pass transparency rules around DOD purchases of private data.
Read more »
USD Q4 2022 Fundamental Forecast: USD Harnessed Fundamental Winds, Now a ThreatThere was no stopping the US Dollar through the third quarter as the world’s most liquid currency drew on the benefits of a striking yield advantage on an aggressive Federal Reserve rate hike regime.
Read more »