The euro/the US dollar is trading with caution, as NFP is waving in the large United States
- EUR/USD decreases slightly to approximately 1.0370 as investors are waiting for American NFP data for January.
- The Federal Reserve is expected to reduce interest rates at the June Policy meeting.
- Cipolline expects the European Central Bank that the impact of definitions on China will be a contraction in the eurozone.
The euro/US dollar is declining to approximately 1.0370 in the North American session on Friday, when the US dollar (USD) was higher than the non -cultivated salary data (NFP) for January, which will be published at 13:30 GMT. The US dollar index (DXY), which tracks the value of Greenback for six main currencies, is about 107.80.
Economists expect the US economy to have added 170,000 workers, less than 256,000 years old in December. It is estimated that the unemployment rate has been fixed at 4.1 %. Official recruitment data is expected to pay market speculation about the period that the Federal Reserve (FED) will pay interest rates at their current levels.
Strong labor market signs will enhance expectations that the Federal Reserve will remain in the waiting mode regarding interest rates for a longer period. On the contrary, soft numbers stimulate the bets that feed them. According to the CME Fedwatch tool, the Federal Reserve is expected to announce a reduction in the next interest rate at the June Policy meeting.
Last week, Federal Reserve Chairman Jerome Powell said that the central bank will not make amendments to monetary policy until after a vision of “real progress in inflation or at least some weakness in the labor market” after the left interest rates in the Federal Reserve had not changed In the range of 4.25 % -4.50 %.
Investors will also pay close attention to the medium -watch profit data, which is a main measure of wage growth that drives consumer spending. It is estimated that the wage growth scale has slowed to 3.8 % on an annual basis of 3.9 % in December. In the month, the average clock profit is expected to grow steadily by 0.3 %.
Daily Digest Market Movers: The US/US dollar is slight
- EUR/USD faces pressure near 1.0400, where the euro look remains unconfirmed amid fears that the euro zone is likely to feel the pain of a higher tariff by US President Donald Trump. At the end of last week, President Trump warned that Europe will definitely face a customs tariff for not buying enough American goods, but it has not provided much information.
- Analysts in Makari said that President Trump has regained specific definition threats on the eurozone because there is “no stable government in Germany and France.” However, they warned that an American tariff bomb is likely to find “fertile ground in the European Union” and escalates in issues that were not quickly resolved to trade tensions, given that “Europe is rich in the target.”
- In addition to global issues, the euro area expectations are also weak due to local concerns. The increasing risks of economic uncertainty forced European Central Bank officials (ECB) to direct monetary policy expectations to preserve. “There is still room to control prices down.”
- When asked about the influence of President Trump’s tariff on the euro area, Cibuloni said, “If the definitions are imposed on us, the most urgent effect on growth will be.” He also added that the customs tariff for China will force it to look at the joint bloc to throw its goods due to the definitions of the United States. Such a scenario will be a deviation of the economy.
The price of the euro today
The table below shows the percentage of euro change (EUR) against the main currencies listed today. Euro was the strongest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.16 % | -05 % | 0.35 % | 0.21 % | 0.11 % | 0.07 % | 0.27 % | |
| euro | -16 % | -0.22 % | 0.17 % | 0.05 % | -05 % | -0.09 % | 0.09 % | |
| GBP | 0.05 % | 0.22 % | 0.38 % | 0.26 % | 0.16 % | 0.12 % | 0.32 % | |
| JPY | -0.35 % | -0.17 % | -0.38 % | -0.15 % | -0.24 % | -0.31 % | -0.10 % | |
| CAD | -0.21 % | -05 % | -26 % | 0.15 % | -11 % | -0.14 % | 0.05 % | |
| Aud | -11 % | 0.05 % | -16 % | 0.24 % | 0.11 % | -04 % | 0.16 % | |
| Nzd | -07 % | 0.09 % | -0.12 % | 0.31 % | 0.14 % | 0.04 % | 0.20 % | |
| Chf | -0.27 % | -0.09 % | -0.32 % | 0.10 % | -05 % | -16 % | -0.20 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the euro from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent EUR (Base)/USD (quote).
Technical Analysis: Euro/US dollar remains less than 50 days from EMA
EUR/USD decreases slightly to approximately 1.0370 in the trading hours in North America on Friday before the US NFP recruitment data. The main currency pair faces pressure near the 50 -day SIA moving average (EMA) around 1.0436, indicating that the general trend is still a decline.
The relative strength index fluctuates for 14 days (RSI) in the range of 40.00-60.00, indicating a side direction.
Looking at the bottom, the lowest level on January 13 at 1.0177 and round support from 1.0100 will serve as major support areas for the husband. On the contrary, the psychological resistance of 1.0500 will be the main barrier of euro bulls.
