- Analytics
- News and Tools
- Market News
- EUR/USD surrenders some gains post-NFP, back to 1.1440
EUR/USD surrenders some gains post-NFP, back to 1.1440
- EUR/USD eases some ground following fresh tops past 1.1480.
- US Non-farm Payrolls rose by just 467K jobs in January.
- The unemployment rate ticked higher to 4.0%.
The buying interest around the single currency remains well and sound at the end of the week and pushes EUR/USD back to the mid-1.1400s in the wake of US NFP.
EUR/USD retreats from YTD tops
EUR/USD keeps the positive stance on Friday after the US economy created 467K jobs during January, bettering expectations for a gain of 150K jobs. The December's reading was revised to 510K (from 199K).
Further data showed the jobless rate rose to 4.0% and the critical Average Hourly Earnings – a proxy for inflation via wages – rose 0.7% MoM and expanded 5.7% over the last twelve months. Another key gauge, the Participation Rate, improved to 62.2%.
EUR/USD levels to watch
So far, spot is gaining 0.05% at 1.1440 and faces the next up barrier at 1.1483 (2022 high Feb.4) followed by 1.1500 (200-week SMA) and finally 1.1676 (200-day SMA). On the other hand, a break below 1.1308 (55-day SMA) would target 1.1121 (2022 low Jan.28) en route to 1.1100 (round level).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
