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07.10.202223:01 Forex Analysis & Reviews: Strong non-farms are pushing the euro down

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 07.10.2022 analysis

EURUSD

US employment report (Nonfarm): +263,000 - above the forecast.

Unemployment unexpectedly fell to 3.5% - growth was predicted.

Strong data is interpreted as negative for the stock market as the Federal Reserve gets arguments for new rate hikes.

The euro is falling, we are waiting for the euro to continue falling against the dollar.

Jozef Kovach
Analytical expert of InstaForex
© 2007-2024

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