EUR/USD. Forecast for October 3, 2013
October 3, 2013 10:15 amVideo
Latest News
- Key events on May 9: fundamental analysis for beginners May 9, 2024
- Trading plan for GBP/USD on May 9. Simple tips for beginners May 9, 2024
- Trading plan for EUR/USD on May 9. Simple tips for beginners May 9, 2024
- Forecast for EUR/USD on May 9, 2024 May 9, 2024
- Forecast for GBP/USD on May 2024 May 9, 2024
- Forecast for USD/JPY on May 9, 2024 May 9, 2024
- Outlook for GBP/USD on May 9. The pound flat ahead of the Bank of England meeting May 9, 2024
- Outlook for EUR/USD on May 9. Third consecutive boring day for the euro May 9, 2024
- What to expect from the Bank of England meeting? May 9, 2024
- The euro hits certain points May 9, 2024
- Analysis of EUR/USD on May 8th. Euro aims for the 1.5 figure May 8, 2024
- Analysis of GBP/USD on May 8th. The pound hits an important level May 8, 2024
- USD/JPY: Simple Trading tips for novice traders on May 8th (US session) May 8, 2024
- GBP/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- EUR/USD: Simple trading tips for novice traders on May 8th (US session) May 8, 2024
- Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA – 2/8 Murray) May 8, 2024
- GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471 May 8, 2024
- EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement May 8, 2024
- EUR/USD. May 8th. The market continues to rest against the background of an empty calendar May 8, 2024
- Technical Analysis – USDCAD enjoys renewed strength May 8, 2024
On October 2, Italian Prime Minister Enrico Letta headed toward victory in a confidence vote, as some lawmakers from rival Silvio Berlusconi’s party said they would support his government.
The outcome was the following one, 229 were pro and 70 were con. During the press conference Mario Draghi said that the decline of the ECB interest rate was discussed.
Yesterday data on US ADP Non-Farm Employment Change in September was weak; 166K vs. forecast for 177K; data on August was revised downwardly from 176K to 159K. The euro grew 52 points.
Today at 12:00 UTC+4 PMI Services in the Eurozone in September in the final estimate is issued; forecast 52.1. At 13:00 UTC+4 data on retail sales in the Eurozone in August is published; it is expected to be 0.3% vs. 0.1%. At 16:30 UTC+4 data on US Initial Jobless Claims is revealed; forecast 315K vs. 305K. At 18:00 UTC+4 data on US ISM Non-Manufacturing in September is published; forecast 57.2 vs. 58.6.
As we can see the situation is not in favour of the euro. From the technical point of view, we expect the price near the resistance of trend line on the daily chart 1.3638.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: