EUR/USD Fundamentals outlook.
Kal humein EUR/USD mein bohot bara bullish movement dekhne ko mila USA ke negative data ki wajah se aur ab EUR/USD upside ki taraf ja raha hai kyunke Greenback flows reverse ho gaye hain. US data ne broadly mark ko miss kiya, jis se rate cut hopes par risk appetite barh gaya. Friday ke NFP US data dump se pehle US holiday bhi hai. EUR/USD ne Wednesday ko ek leg up paaya, briefly 1.0800 handle ke upar chad gaya jab US economic figures ke broad miss ne ye hint diya ke US economy aur kamzor ho rahi hai, jis se Federal Reserve (Fed) ke accelerated rate cuts ki umeedain barh gayi aur markets ne safe haven US Dollar se nikalna shuru kar diya. Thursday ki subah European data bhi mixed aayi, pan-EU HCOB Purchasing Managers Index (PMI) 50.9 MoM tak barh gaya June mein jabke forecast hold 50.8 par tha. EU-wide Producer Price Index expect se zyada contract ho gaya May mein, falling -0.2% MoM versus forecast hold at -0.1%.
US ADP Employment Change June mein 150K par drop ho gaya, previous month's 157K se neeche aur forecasted increase to 160K ko miss kar gaya. ADP report ne ye bhi reveal kiya ke job additions mein se zyada tar kamzori leisure aur hospitality industries mein thi.
Is ke ilawa, US Initial Jobless Claims increase ho gayi week ending June 28 ke liye, rising to 238K compared to previous week's 233K, surpassing the forecast of 235K. Initial Jobless Claims ka four-week average bhi 238.5K tak barh gaya 236.25K se.
Akhir kar, US ISM Services Purchasing Managers Index (PMI) June mein sharply contract ho kar 48.8 par aa gaya, marking its lowest level since June 2020. ISM Services PMI previous month's 53.8 se decrease ho gaya, falling short of forecasted decline to 52.5.
US markets Thursday ko dark rahengi kyunke US Independence Day holiday hai, leaving Fiber traders to contend with German Factory Orders, jo forecast ki gayi hai ke rebound ho kar 0.5% MoM May mein ho jayegi previous -0.2% se. EUR/USD traders UK ke Parliamentary Elections ke result se hone wali volatility ke liye bhi dekh rahe hain.
EUR/USD technical outlook.
EUR/USD ne recent bullish bounce ko extend kiya hai ek demand zone se jo 1.0680 ke neeche priced tha, briefly 1.0800 ke north chart territory ko test karte hue. Pair near-term mein aur bullish lean kar raha hai, accelerating above 200-hour Exponential Moving Average
Kal humein EUR/USD mein bohot bara bullish movement dekhne ko mila USA ke negative data ki wajah se aur ab EUR/USD upside ki taraf ja raha hai kyunke Greenback flows reverse ho gaye hain. US data ne broadly mark ko miss kiya, jis se rate cut hopes par risk appetite barh gaya. Friday ke NFP US data dump se pehle US holiday bhi hai. EUR/USD ne Wednesday ko ek leg up paaya, briefly 1.0800 handle ke upar chad gaya jab US economic figures ke broad miss ne ye hint diya ke US economy aur kamzor ho rahi hai, jis se Federal Reserve (Fed) ke accelerated rate cuts ki umeedain barh gayi aur markets ne safe haven US Dollar se nikalna shuru kar diya. Thursday ki subah European data bhi mixed aayi, pan-EU HCOB Purchasing Managers Index (PMI) 50.9 MoM tak barh gaya June mein jabke forecast hold 50.8 par tha. EU-wide Producer Price Index expect se zyada contract ho gaya May mein, falling -0.2% MoM versus forecast hold at -0.1%.
US ADP Employment Change June mein 150K par drop ho gaya, previous month's 157K se neeche aur forecasted increase to 160K ko miss kar gaya. ADP report ne ye bhi reveal kiya ke job additions mein se zyada tar kamzori leisure aur hospitality industries mein thi.
Is ke ilawa, US Initial Jobless Claims increase ho gayi week ending June 28 ke liye, rising to 238K compared to previous week's 233K, surpassing the forecast of 235K. Initial Jobless Claims ka four-week average bhi 238.5K tak barh gaya 236.25K se.
Akhir kar, US ISM Services Purchasing Managers Index (PMI) June mein sharply contract ho kar 48.8 par aa gaya, marking its lowest level since June 2020. ISM Services PMI previous month's 53.8 se decrease ho gaya, falling short of forecasted decline to 52.5.
US markets Thursday ko dark rahengi kyunke US Independence Day holiday hai, leaving Fiber traders to contend with German Factory Orders, jo forecast ki gayi hai ke rebound ho kar 0.5% MoM May mein ho jayegi previous -0.2% se. EUR/USD traders UK ke Parliamentary Elections ke result se hone wali volatility ke liye bhi dekh rahe hain.
EUR/USD technical outlook.
EUR/USD ne recent bullish bounce ko extend kiya hai ek demand zone se jo 1.0680 ke neeche priced tha, briefly 1.0800 ke north chart territory ko test karte hue. Pair near-term mein aur bullish lean kar raha hai, accelerating above 200-hour Exponential Moving Average
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