{"id":52334,"date":"2021-10-09T01:06:35","date_gmt":"2021-10-08T21:06:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52334"},"modified":"2021-10-09T01:06:43","modified_gmt":"2021-10-08T21:06:43","slug":"eur-usd-stabilizes-around-1-1570-on-nfp-report","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-stabilizes-around-1-1570-on-nfp-report\/10\/09\/market-updates\/","title":{"rendered":"EUR\/USD stabilizes around 1.1570 on NFP report"},"content":{"rendered":"\n<p>EUR\/USD has risen above Thursday\u2019s daily highs is trading at 1.1572, gaining 0.17% during the New York session. Earlier in the American session, it reached a daily high at 1.1586, but as most G8 currencies, retreated the move.<br><br>Despite an awful US employment report, the market seems aware that nothing will stop the Federal Reserve from kicking in the bond tapering process in the FOMC November meeting.<br><br>The market sentiment is downbeat with US equity markets falling, US T-bond yields rising, and the US dollar clings to 94.00, losing 0.11% against a basket of six peers, capping the EUR\/USD move towards 1.1600.<br><br>EUR\/USD is trading well below the daily moving averages (DMA\u2019s), suggesting that the downtrend is intact. Failure to reclaim the 1.1600 level keeps the EUR\/USD downward pressured.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD has risen above Thursday\u2019s daily highs is trading at 1.1572, gaining 0.17% during the New York session. Earlier in the American session, it reached a daily high at 1.1586, but as most G8 currencies, retreated the move.Despite an awful US employment report, the market seems aware that nothing will stop the Federal Reserve from &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52181,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6884,6885,7729,7468,6858,7728],"class_list":["post-52334","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-usd","tag-fed","tag-g8","tag-tapering","tag-us-economy","tag-us-employment"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52334"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52334\/revisions"}],"predecessor-version":[{"id":52338,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52334\/revisions\/52338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52181"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}