fbpx

Daily Market Analysis 10.01.2022: EURUSD

Instrument: EURUSD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1.13375 with take profit at 1.13458 .
Bearish Preference: 
Sell position is envisaged if price trades below 1.13262 with take profit at 1.13180 .
Fundamentals:
No major fundamental

Comment: The Euro rallied half a percent on Friday after the US Dollar came under pressure after a mixed jobs report. Non-farm payrolls missed estimates at 199k instead of 450k anticipated for December, while the jobless rate fell to 3.9% instead of 4.1% expected and hourly earnings beat forecasts at 0.6% However, the Fed now look certain to be lifting rates at the March meeting and some commentators are now looking at 4 hikes this year. This is in contrast to a European Central Bank (ECB) that doesn’t look like moving rates anytime soon.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published. Required fields are marked *

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping