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فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

30.03.202323:19 Forex Analysis & Reviews: EURUSD: up on strong U.S. data

Exchange Rates 30.03.2023 analysis

EURUSD, 4-hour chart

U.S. news out: Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period.

Continuing claims, which run a week behind, edged up 4,000 to 1.689 million.

What the data shows: the labor market is still strong in the U.S. - unemployment is not rising - jobless claims remain near multi-year lows.

This paves the way for the Federal Reserve to raise rates again at the next meeting.

Classically, it's a path for the dollar to rise - but the euro is also trying to rise.

It is likely that the market will hold the euro high until Friday's PCE U.S. inflation report.

So, you can try to sell around the current - but it is more competent to either wait for the inflation report, or see the first wave of euro fall first and then sell from the rebound upwards.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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