Results of the last trading day EURUSD:
For the week almost all the major currencies showed a decline. The largest decline against the US dollar showed the New Zealand dollar (-2.70%) and the Australian dollar (-2.41%). The smaller drop in fixed Swiss franc (-1.01%), the euro (-0.72%), Canadian dollar (-0.24%) and Japanese yen (-0.02%). Rose only British pound (+ 0.64%). Following Friday majors were mixed.
Fig. 1 Dynamics of dollars per week
On Friday, the center of attention was a report on the US labor market. The September employment rate was below market expectations, however, the figures for the previous two months were revised upwards. In addition, the unemployment rate decreased to 3.7% to a minimum 48-year-old than D.Trampa pleased. The pace of wage growth in line with market expectations.
In September, the US non-farm payrolls was created 134 thousand new jobs vs. 185 thousand figure for August was revised from 201 thousand to 270 thousand, and in July -...... From 147 thousand to 165 thousand total revision of the two month was 87 thousand. A 134 + 87 = 221. For more than 185 thousand.
unemployment rate decreased to 3.7% from 3.9% (forecast was 3.8%). The share of working-age population has remained at 62.7%. Average hourly earnings increased by 0.3% m / m vs. 0.3% and 0.3% of the previous value (revised to 0.4%).
Report on the euro reacted rising 1.1550. The price of EURUSD above 1.1500 held out about 1.5 hours, came back to 1498. Market participants prefer to ignore the decline in the main index up to 134 thousand., And still expect the Fed to raise rates further.
Planned statistics (GMT +3):
At 09:00 Germany is to publish data on the change in industrial production for August.
At 12:30 in the euro zone will be released indicator of investor confidence from Sentix in October.
In Japan and Canada weekend.
Fig. 2 All graph EUR / USD
Current Situation EURUSD:
Following the publication of session trend did not happen. EURUSD price went up from 45th of a degree to be 45 degrees. Price is on the balance sheet line lb. According to the pricing model with 1.1463 before the last bar, the road is one - to update the minimum. Given that today the meager news background, in Canada and in Japan a day, in 45-th degree of the rising channel line passes. I would venture to suggest that on Monday, the price will be traded within the channel. If EURUSD vapor released downward from the ascending channel, as a target level hold 1.1470.
The euro EUR Forecast / USD today Vladislav Antonov Alpari