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Main » 2019 » May » 3 » The euro dollar technical outlook EUR / USD pair today 05/03/2019: traders waiting Payrolls
The euro dollar technical outlook EUR / USD pair today 05/03/2019: traders waiting Payrolls


Results of the last trading day EUR / USD:

On Thursday, May 2, at Euro bids ended lower. The US dollar strengthened against most world currencies. Support he had in his comments Wednesday, Fed Chairman George. Powell about inflation in the US. He stated that the factors reducing inflation, possibly temporary, so the main interest rate to reduce not necessary. Coglasno data from the market interest rate futures, the likelihood of lower inflation is 47% until the end of the year.





The pound fell after the Bank of England. Central Bank revised to increase their forecasts for GDP growth and a fall in inflation. The regulator is in no hurry to raise rates amid worries about the ongoing negotiations on Brekzitu.


Planned statistics (GMT + 3): 

At 11:30 UK will release PMI index for services in April.

At 12:00 the Eurozone will publish the consumer price index for April and the producer price index for March.

At 15:30 the US will present a report on the labor market: the unemployment rate, the number of non-farm payrolls, average hourly earnings, average workweek, and the proportion of the economically active population in April.

At 16:45 the US will publish PMI index for services in April, at 17:00 - ISM index for the non-production sphere in April.

At 17:00 Baker Hughes to release a report on the number of active drilling rigs for oil production.



The current situation, EUR / USD EUR / USD:  

Expectations for yesterday's day were completely justified. The EUR / USD rose to 22 degrees and fell below the 67th degree. At the time of writing, the euro is worth 1.1168 review. In Asia, traders moved yesterday's low at 1.1167. The immediate aim of the pair EUR / USD is 1.1159.

EUR / USD chart with no forecast as today at 15:30 (GMT + 3) will report on the US labor market. It is expected that the US economy last month, the number of jobs has increased by 181 thousand., Unemployment remained unchanged at 3.8%.

Most likely after the last meeting of the FOMC NFP report is not of great interest to market participants. J.. Powell said at a press conference that the Fed is not going to bid more or less.


Forecast EUR / USD today Vladislav Antonov Alpari



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