- Market sentiment for risk appetite, European stocks ended higher.
- Rising US Treasury yields put an end to the rise of the single currency against the USD.
- Initial US jobless claims fell more than expected, adding to the positive outlook for the US job market.
After two consecutive days of losses, reaching a new annual low at 1.1528, the EUR/USD it is staging a comeback, trading at 1.1564, up a modest 0.06%, during the American session, at time of writing.
The mood of the market is in risk appetite mode, portrayed by the European stock indices that end the day with gains between 1.17% and 2.14%. Meanwhile, the main US stock indices are up more than 1%, during the day. The solution to increase the US debt limit, in the short term, alleviated the nervousness of the market. In addition, Vladimir Putin, the president of Russia, offered increased supplies of natural gas for Europe in his bid to lower energy prices.
The US dollar index, which tracks the behavior of the USD against a basket of six pairs, fell 0.09%, standing at 94.14. Additionally, the US 10-year yield advanced 4 basis points to 1,565%.
U.S. Unemployment Claims Better Than Estimated, Before Nonfarm Payrolls
The American economic agenda revealed the report initial claims unemployment rate for the week ending October 1st. The figures showed an increase to 326,000 down from the 348,000, predicted by analysts.
The above adds to the positive report the ADP Posted Wednesday, ahead of NFP to be posted tomorrow.
On Friday, the US economic agenda will present the report Payroll no agricultural. Economists expect the creation of 488,000 new jobs in the economy. If the numbers adjust or are better than expected, investors could wait for a bond reduction announcement before the meeting. November of the FOMC.
ADDITIONAL LEVELS
Overview | |
---|---|
Today last price | 1.1564 |
Today’s Daily Change | 0.0007 |
Today daily change% | 0.06 |
Today they open every day | 1.1557 |
Trends | |
---|---|
Daily SMA20 | 1.1705 |
SMA50 daily | 1.1757 |
SMA100 daily | 1.1868 |
SMA200 daily | 1.1956 |
Levels | |
---|---|
Previous Daily High | 1.1607 |
Previous Daily Low | 1.1529 |
Previous weekly high | 1.1727 |
Previous Weekly Low | 1.1563 |
Previous monthly maximum | 1.1909 |
Previous Monthly Low | 1.1563 |
Daily Fibonacci 38.2% | 1.1559 |
Daily Fibonacci 61.8% | 1.1577 |
Daily Pivot Point S1 | 1.1522 |
S2 daily pivot point | 1.1487 |
S3 Daily Pivot Point | 1.1444 |
R1 daily pivot point | 1.16 |
Daily pivot point R2 | 1.1642 |
R3 daily pivot point | 1.1677 |
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