EUR/USD reacts to fundamentals

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels.

The Average Hourly Earnings were expected to increase by 0.3% and hit the forecast. Non-Farm Employment Change forecast was 193,000, but turned out to be at 517,000. The Unemployment Rate was expected to be at 3.6%. Actual number is 3.4%.

Our technical analysts suggest to wait until the market takes in the news. However, note that the 50, 100 and 200-hour simple moving averages have continued to impact the rate. Moreover, round exchange rate levels appears to have some impact on the pair.

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Fri, 03 Feb 2023 14:17:37 GMT

GBP/USD is crashed by fundamentals

The GBP/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the Bank of England boosted the GBP. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. From

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The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Higher above, note previous notable round

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