EUR/USD Forecast: Euro could extend recovery on a weak NFP print - Interstellar Group
Skip to content

Interstellar Group

As a complicated financial trading product, contracts for difference (CFDs) have the high risk of rapid loss arising from its leverage feature. Most retail investor accounts recorded fund loss in contracts for differences. You should consider whether you have developed a full understanding about the operation rules of contracts for differences and whether you can bear the high risk of fund loss.    

EUR/USD Forecast: Euro could extend recovery on a weak NFP print

ISG
notice

We strongly suggest you to follow our marketing announcements

.right_news

A WORLD LEADER

IN FX & CFD TRADING

Market
News

24 hours global financial information and global market news

A WORLD LEADER

IN FX & CFD TRADING

Sponsorship &
Social Responsibility

InterStellar Group aims to establish itself as a formidable company with the power to make a positive impact on the world.
We are also committed to giving back to society, recognizing the value of every individual as an integral part of our global community.

A WORLD LEADER

IN FX & CFD TRADING

การสัมนาสดเกี่ยวกับฟอเร็กซ์

A WORLD LEADER

IN FX & CFD TRADING

08

2023-12

Date Icon
2023-12-08
Market Forecast
EUR/USD Forecast: Euro could extend recovery on a weak NFP print
  • EUR/USD went into a consolidation phase below 1.0800 after posting gains on Thursday.
  • Nonfarm Payrolls in the US are forecast to rise by 180K in November.
  • A disappointing jobs report could weigh on the USD ahead of the weekend.

EUR/USD benefited from broad-based US Dollar (USD) weakness on Thursday and registered daily gains for the first time since November 28. Early Friday, the pair holds steady slightly below 1.0800 as market participants refrain from taking large positions ahead of the US November jobs report.

The positive shift seen in risk mood made it difficult for the USD to find demand in the second half of the day on Thursday and allowed EUR/USD to inch higher. 

Back to list
Latest
NEWS

EUR/USD Weekly Forecast: Euro gains for second straight week as traders reassess Fed, ECB rate cut bets
2024-03-02
Market Forecast

GBP/USD Weekly Forecast: Pound Sterling down but not out as busy US calendar looms
2024-03-02
Market Forecast

Gold Weekly Forecast: XAU/USD locks in second week of gains as US inflation abates
2024-03-02
Market Forecast

EUR/USD Forecast: Euro needs strong EU inflation readings to extend rebound
2024-03-01
Market Forecast

Gold Price Forecast: XAU/USD eyes a weekly close above $2,050 and US ISM PMI
2024-03-01
Market Forecast