EURUSD rising today under the effect of the weaker U.S. dollar as the markets are reacting to the latest release of the USA Nonfarm Payrolls data – which showed that US gained only 559K jobs in May – much lower than 664K expected by the economists. The data still indicates gradual economic recovery in USA – meaning the Fed will retain status quo for now – adding to the bearish pressure on U.S. dollar and driving the pair up. The improving public health situation and massive fiscal stimulus are supporting the economy with half of the American population has been fully vaccinated – which still means the upward gains can be temporary for EURUSD.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
EURUSD overview 04.06.2021
EURUSD rises on lower Nonfarm Payrolls.
EURUSD rising today under the effect of the weaker U.S. dollar as the markets are reacting to the latest release of the USA Nonfarm Payrolls data – which showed that US gained only 559K jobs in May – much lower than 664K expected by the economists. The data still indicates gradual economic recovery in USA – meaning the Fed will retain status quo for now – adding to the bearish pressure on U.S. dollar and driving the pair up. The improving public health situation and massive fiscal stimulus are supporting the economy with half of the American population has been fully vaccinated – which still means the upward gains can be temporary for EURUSD.
Next resistance to watch – 1.2216
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags