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29.09.202223:24 Forex Analysis & Reviews: US data slowed down the euro

Exchange Rates 29.09.2022 analysis

EURUSD

The euro began to rise after the Bank of England's decision to stabilize the British government bond market through intervention.

The euro showed a daily high, then a normal correction to averages for H4 - but then a report on the US came out.

Initial jobless claims fell below +200K, +193K - below 200K for the first time in a very long time; long-term unemployment has also fallen. The labor market remains a strong place for the US economy, despite the general expectation of a recession. GDP for the second quarter, third reading, unchanged, -0.6%, the deflator was adjusted from +8.9% to +9% - inflation is very high.

We are waiting for the PCE inflation report on Friday.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Jozef Kovach,
Analytical expert of InstaSpot
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