{"id":73683,"date":"2022-10-07T21:46:16","date_gmt":"2022-10-07T17:46:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73683"},"modified":"2022-10-07T21:47:56","modified_gmt":"2022-10-07T17:47:56","slug":"gbp-usd-about-to-collapse-on-stronger-us-dollar-after-nfp","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-about-to-collapse-on-stronger-us-dollar-after-nfp\/10\/07\/market-updates\/","title":{"rendered":"GBP\/USD about to collapse on stronger US dollar after NFP"},"content":{"rendered":"\n<p>After the release of the US monthly employment data, the US dollar rallied, pushing GBP\/USD down to an intraday low of 1.1089. <br><br>US stocks were holding on to pre-opening losses without extending their slumps. Some profit-taking ahead of the weekend has helped major pairs to bounce, but that is not the case for GBP\/USD, which struggles to hold on the 1.1100 threshold.<br><br>According to the Bureau of Labour Statistics, the country added 265K new jobs in September, beating expectations, while the Unemployment Rate unexpectedly slid to 3.5%. The strength in the sector left the path clear for the US Fed to keep hiking rates at the whopping pace of 75 bps per meeting.<br><br>The GBP\/USD pair is down for a third consecutive day and not far away from the weekly low posted on Monday at 1.1085.<br><br>Technical readings in the near-term support a bearish continuation in the near term, particularly if the pair pierces the mentioned weekly low. The next relevant support level is 1.1024, September 30 daily low.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the release of the US monthly employment data, the US dollar rallied, pushing GBP\/USD down to an intraday low of 1.1089. US stocks were holding on to pre-opening losses without extending their slumps. Some profit-taking ahead of the weekend has helped major pairs to bounce, but that is not the case for GBP\/USD, which &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"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":[7034,7957],"class_list":["post-73683","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gbp-usd","tag-nfp-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73683","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=73683"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73683\/revisions"}],"predecessor-version":[{"id":73689,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73683\/revisions\/73689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}