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On Wednesday, important US data were released.
The employment report from ADP showed fewer jobs in November than forecast - 67k-100K less than forecast. This creates a real chance that nonfarm will come out very weak tomorrow, December 5th.
Further, the ISM services sector index came out noticeably worse than forecast and the previous value at 53 - with a forecast of 56 - this is still growth - but with a clear slowdown in growth.
Thus, there are more signs of a slowdown in the US economy - this creates the possibility of a Fed rate cut as early as December 11.
EURUSD: The attempt to break through the sellers' defense at 1.1100 failed.
On weak US data, the euro buyers attacked the sellers at the level of 1.1100.
Briefly reached the level of 1.1115 - but the sellers were stronger.
We are in the purchase from 1.1035 and waiting for a new hike up.
Stop at 1.0990.
Entry down from 1.0980.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
