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Main » 2019 » March » 11

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The US dollar was generally stopped growing, indicating a lack of global interest in the purchase. Vague report on the US labor market, some overbought dollar - all of this is still not conducive to growth. Traditionally quiet Monday is in a phase of consolidation. Statistics presented today US retail sales. 

EURUSD - the euro dollar confidently entrenched above 1.1200, indicating that the depletion pulse EURUSD rate falling at this stage. Resistance zone 1.1250 is now in favor. With the growth of quotations EUR / USD above 1.1250 the pair will go towards 1.1300.

 

 

Views: 36 | Added by: mik | Date: 11.03.2019 | Comments (0)

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Gold finished the week on a positive note, registering at the end of Friday's increase of almost 0.97%. The main driver of bullish movement was the American dollar, which has lost in value about 0.3% against the publication of a very controversial for the US labor market report.


According to the data in the past month unemployment rate in the United States goes from 4.0% to 3.8%, and the average wage in February was 0.4% vs. 0.3%. But investors very disappointing data on the number of new jobs created in the non-agricultural sector, only 20 thousand. Against the forecast of 181 thousand. The publication of these data once again intensified concerns about the prospects for market development of the US economy.

 

 

Views: 30 | Added by: mik | Date: 11.03.2019 | Comments (0)

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Despite a failed middle of the week, EUR / USD pair managed to complete five days of trading on a positive note and recover some of the losses.


The focus of investors were data on the US labor market, which could surprise the market. According to the report, the average wage growth in February was 0.4%, the forecast of 0.3%, and the unemployment rate decreased from 4.0% to 3.8%. But the main surprise for the market was the statistics on newly created jobs in the non-agricultural sector. The actual figure was only 20 thousand. Jobs, against the forecast of 180 thousand. These findings have led to the weakening of the dollar against most major world currencies.

 

 

Views: 31 | Added by: mik | Date: 11.03.2019 | Comments (0)

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First, a few words about the events of the past week:

 

- EUR / USD. On Thursday, the pair fell after the ECB statement of March 7 that it is not necessary to wait for increase in the autumn of this year interest rates. The earliest this could happen - 2020. In addition, it became known that the European regulator plans to launch in September LTRO (Long Term Refinancing Operation) - European banks refinancing programs at low interest rates. If we add to this reduction in forecasts for GDP and inflation, and not the best for the euro area statistics on China's foreign trade, the picture for the euro develops quite sad.

 

 

Views: 36 | Added by: mik | Date: 11.03.2019 | Comments (0)

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The euro dollar forex trading forecast for EURUSD today 03/11/2019
 

the ECB's LTRO program has left no choice to investors, how to sell the euro. The ECB has recognized the weakness of the European economy, which may not show stable growth without incentives. Active promotion will begin in September, but now the yield European securities falls rapidly. On the debt market has fallen yield spread of German and US 10-year bonds, it helps sell-euro. Report on Non-Farm made a lot of noise. In February, the employment rate amounted to 25 thousand. Many traders began to say that it is not enough and we will soon see a crisis in the US economy. With this view, you can not agree on a number of reasons.

Firstly, a month is not an indicator. Let's see all the time at the end of winter -... Figure amounted to 553 thousand average value per month 184.3 thousand Recall monthly average of 200 thousand is a good, by the Fed and the US Treasury view. Nedotyanul quite a bit. 

Secondly, the level of unemployment, U6 (the most important indicator of employment) in February fell just 0.8% to the level of 7.3% - the last time such a mark was observed in 2001! This dynamics suggests that employment in the United States is very high and it will contribute to economic growth, which is positive dollar.


EURUSD recommendation: Sell 1.1250 / 1.1270, and take profit 1.1215

 

 

Views: 40 | Added by: mik | Date: 11.03.2019 | Comments (0)

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