EUR/USD loses momentum below the mid-1.0800s ahead of the US Jobless Claims
16.11.2023, 03:25

EUR/USD loses momentum below the mid-1.0800s ahead of the US Jobless Claims

  • EUR/USD lose ground near 1.0835 on the firmer USD.
  • The markets believe that the Federal Reserve (Fed) is done with hiking cycle.
  • Eurozone Industrial Production for September declined 1.1% MoM vs 0.6% rise prior.
  • European Central Bank (ECB) President Lagarde speech, US weekly Initial Jobless Claims will be closely watched events.

The EUR/USD pair loses traction during the Asian trading hours on Thursday. The renewed US Dollar (USD) demand weigh on EUR/USD. Meanwhile, the US dollar Index edges higher to 104.50 after retreating to multi-month low of 104.00. The major pair currently trades near 1.0835, losing 0.06% on the day.

The US economic data on Wednesday suggested that the US economy cools down and the markets believe that the Federal Reserve (Fed) is done with hiking cycle. The US Producer Price Index (PPI) dropped 0.5% MoM in October from 0.4% increase in September. Additionally, the Retail Sales declined by 0.1% in the same period, against expectations of a fall of 0.3%. The Core Retail Sales rose by 0.2% from the previous reading of 0.6%.

On the Euro front, the Eurozone Industrial Production for September declined 1.1% MoM versus 0.6% rise prior. On the yearly basis, the figure fell 6.9% from the 5.1% decline in the previous reading. This, in turn, exert some selling pressure on the Euro against the Greenback.

Looking ahead, market players will monitor the European Central Bank (ECB) President Lagarde speech later on Thursday. Also, the US weekly Initial Jobless Claims for the week ending November 11 will be due. These figures could give a clear direction to the EUR/USD pair.

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik