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EUR / USD is back to 1.1550 despite rising US Treasury yields.

  • 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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