EURUSD Market Update 28 Oct 2023
After the ECB interest rate decision, this week we will have the FOMC Interest Rate Decision and Nonfarm Payrolls.
EURUSD Market Update 1 Oct 2023
Since the last FOMC meeting, the USD has become very strong and the EURUSD has dropped to below 1.05, which is a level that we haven’t seen since January 2023. Only till Thursday of last week, then there is some slight rebound for EURUSD.
This week we have US job data – ADP and Non-Farm Payrolls. They are the indicator that the US Fed will monitor closely to decide their move on potentially the last rate hike for this cycle.
EURUSD Market Update 27 Aug 2023
Jackson Hole Meeting ended last Saturday and more news will come out on coming Monday. US Fed Chairman Jerome Powell gave a speech last Friday and his tone is hawkish, which you should have already observed on last Friday’s EURUSD price action.