empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

05.10.202308:53 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on October 5

Dollar unsurprisingly weakened as employment in the US increased by only 89,000, instead of the forecast of 160,000. It started falling right from the opening of the trading session, primarily due to the forecast itself.

To maintain labor market stability, employment should grow by more than 200,000 per month. It may grow less, but in the next month, it should increase much more. However, in the US, employment continues to grow at insufficient rates.

If not for the data in Europe, dollar will certainly weaken more. According to the report, the pace of retail sales decline in the region accelerated from -1.0% to -2.1% against a forecast of -1.4%.

Dollar also remains overbought, so despite the completely empty macroeconomic calendar today, it may continue to lose its position. And even if the data on jobless claims comes out, it will not have any impact as its changes will not be very significant. Unless, of course, the actual data matches the forecasts.

Exchange Rates 05.10.2023 analysis

EUR/USD bounced back after another cycle of decline. This resulted in the partial rise of euro, in which it managed to climb above 1.0500 despite the oversold conditions. Staying over this level may lead to further strengthening, while a resumption of the speculative downward sentiment will bring the pair below 1.0470.

Exchange Rates 05.10.2023 analysis

GBP/USD also bounced back, pushing the quote above 1.2150. Staying over this level will lead to further strengthening, while a resumption of the bearish sentiment will bring the pair to the upper boundary of the psychological level at 1.2000/1.2050.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.