Free no deposit Bonus Forex
Saturday, 20.10.2018, 13:28
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest

Total online: 1
Guests: 1
Users: 0
Main » 2018 » October » 5 » The euro dollar technical outlook EUR / USD today 05.10.2018: EURUSD - buyers are set to continue growth
The euro dollar technical outlook EUR / USD today 05.10.2018: EURUSD - buyers are set to continue growth


Results of the last trading day EURUSD:

On Thursday, October 4, at the euro traded in the growth. The single currency retreated from a low of 1.1463. Growth of quotations EURUSD promoted a general weakening of the US currency, as well as the closing of short positions ahead of today's publication of key US labor market data.

Additional incentives for euro purchases was the strengthening of the pound. Chief Negotiator Brekzit Michel Barnier said that the EU and the UK have reached the final stage of negotiations. While the currency market situation is in favor of further euro recovery. Buyers EURUSD remains survive the NFP.





Planned statistics (GMT +3):  

At 09:00 Germany is to publish data on the change orders in industry for August and the index of producer prices for August.

09:45 France will present data on changes in the balance of foreign trade in August.

At 10:15 Switzerland Consumer Price Index will be released in September.

At 10:30 Britain will publish house price index from the Halifax in September.

At 15:30 the US and Canada will be informed about the change in the trade balance for August. US was to publish data on the change in the number of people employed in non-farm payrolls, average hourly earnings, average weekly working hours and the proportion of the economically active population in September.

At 20:00 Baker Hughes will publish a report on the number of active drilling rigs for oil production.


Fig. 1 hourly chart of EUR / USD

Current Situation EURUSD:

The euro rebounded against the dollar by 67-s degrees. EURUSD price below strayed from the 112th degree, from the top - from the trend line. The market is now awaiting publication of US statistics.

Schedule no forecast pair EURUSD, because in the evening is scheduled to yield important statistics. States will publish a report on jobs in September. ADP index on Wednesday strongly exceeded the forecasted value. NFP can also. It is expected that employment growth continued in August and employers with a possible 200 thousand. New jobs.

I think that volatility will be high after the release of the report. The fact that the Fed chief Jerome Powell hinted at aggressive tightening of monetary rafts. To do this, economic data have come out better than expected. Any disappointment will lead to a drop in the dollar index and the strengthening of the major currencies.   

EURUSD pair is in a trend line. Protective stops are for 1.1543. If NFP report will show an increase in new jobs of at least 180 thousand., The euro will soar to 1.1600. If unemployment will rise, but the figures for the previous two months revised downwards, the likely increase in EURUSD rate to 1.1629. If the value of NFP above 200 thousand. Should expect a minimum of renovation EURUSD 1,1463 followed by a sharp rebound before the weekend.  


Do not miss : Traders and investors how to profit advisor


The euro dollar EURUSD forecast today Vladislav Antonov Alpari



Views: 17 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
«  October 2018  »
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2018-2012
    Website builderuCoz