empty
30.03.2023 11:19 PM
EURUSD: up on strong U.S. data

This image is no longer relevant

EURUSD, 4-hour chart

U.S. news out: Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period.

Continuing claims, which run a week behind, edged up 4,000 to 1.689 million.

What the data shows: the labor market is still strong in the U.S. - unemployment is not rising - jobless claims remain near multi-year lows.

This paves the way for the Federal Reserve to raise rates again at the next meeting.

Classically, it's a path for the dollar to rise - but the euro is also trying to rise.

It is likely that the market will hold the euro high until Friday's PCE U.S. inflation report.

So, you can try to sell around the current - but it is more competent to either wait for the inflation report, or see the first wave of euro fall first and then sell from the rebound upwards.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.