EUR/USD started to move sideways above 1.0850 midweek after posting strong gains on Tuesday. The pair's near-term technical outlook points to a bullis
in September climbed to 60% from around 50% the day before after this data. Meanwhile, the annual CPI in Spain increased 2.6% in August after rising 2.3% in July.
The US economic docket will feature ADP Employment Change for August. Employment in the private sector is expected to rise 195,000 following the impressive 324,000 increase recorded in July. A disappointing print at or below 150,000 could confirm the loss of momentum in the US labor market and trigger another bout of USD selloff, while another reading close to 300,000 could have the opposite impact on the currency's performance ahead of Friday's highly-anticipated August jobs report.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro could remain directionless ahead of key data releasesEUR/USD has gone into a consolidation phase near 1.0800 early Monday after posting losses for the sixth straight week last week. The pair's near-term
Read more »
EUR/USD Forecast: Battle around 1.0800 continues, odds favor bearsThe US Dollar gave up some of last week's gains on Monday as China announced another round of measures to boost the battered Yuan. The EUR/USD pair p
Read more »
EUR/USD Forecast: Awaiting inflation numbers and US employment dataThe EUR/USD rose modestly on Monday amid a softer US Dollar, after posting its lowest daily close since mid-June on Friday following Federal Reserve C
Read more »
EUR/USD Forecast: Euro could extend rebound if it clears 1.0840-1.0850EUR/USD registered small gains on Monday and touched a daily high of 1.0840 in the Asian session on Tuesday. The pair seems to be struggling to gather
Read more »
EUR/USD Forecast: Sellers take over ahead of critical data-releasesThe EUR/USD pair spent the first half of the day lifeless, stuck around the 1.0800 threshold ahead of a slew of inflation and employment figures spre
Read more »
EUR/USD Forecast: Further upside potential aheadThe EUR/USD experienced a surge on Tuesday, marking the biggest daily gain in a month as it climbed from below 1.0800 towards the 1.0900 area. The key
Read more »