{"id":90496,"date":"2023-10-05T22:37:53","date_gmt":"2023-10-05T18:37:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=90496"},"modified":"2023-10-05T22:42:05","modified_gmt":"2023-10-05T18:42:05","slug":"eur-usd-extends-upward-trend-ahead-of-nfp-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-extends-upward-trend-ahead-of-nfp-data\/10\/05\/market-updates\/","title":{"rendered":"EUR\/USD extends upward trend ahead of NFP data"},"content":{"rendered":"\n<p>Officials at the ECB alternately play down the prospect of future rate increases. On Thursday, the EUR\/USD was moving higher, stretching for 1.0550 ahead of the end-of-week release of US non-farm payroll data. At the time of writing, the pair is trading at 1.0548.<br><br>As ECB policymakers continue to downplay the likelihood of a continuation of the rate hike cycle, the euro is only up 0.3% from Thursday&#8217;s opening bids of 1.0506.<br><br>Initial Jobless Claims came in at 207K from 205K on Thursday, beating the market&#8217;s projection of 210K while also showing a clear victory for the US dollar. US weekly first claims for unemployment increased to 207K from 210K predicted<br><br>The US NFP numbers due on Friday will be the only thing left for the week. The headline figure for September is expected to slightly decrease from 187K to 170K.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials at the ECB alternately play down the prospect of future rate increases. On Thursday, the EUR\/USD was moving higher, stretching for 1.0550 ahead of the end-of-week release of US non-farm payroll data. At the time of writing, the pair is trading at 1.0548.As ECB policymakers continue to downplay the likelihood of a continuation of &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77027,"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":[6923,6884,8790,7957],"class_list":["post-90496","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-eur-usd","tag-initial-jobless-claims","tag-nfp-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90496","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=90496"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90496\/revisions"}],"predecessor-version":[{"id":90501,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/90496\/revisions\/90501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77027"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=90496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=90496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=90496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}