এখন থেকে আমরা Elev8

আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?

EUR/USD climbs further despite US ADP report

FXStreet (Córdoba) - EUR/USD advanced to fresh daily highs despite the release of slightly better than expected US ADP employment report.

ADP reported US private sector added 205K new jobs in January, beating expectations of 195K, while, December reading was upwardly revised to 267K from 257K previously estimated.

The ADP report gains relevance ahead of the Government nonfarm payrolls report to be published on Friday. Despite the somewhat upbeat reading, the dollar weakened across the board following the release amid dovish comments from FOMC member Dudley.

EUR/USD rose above the 100-day SMA and reached a fresh 2-week peak of 1.0975 in recent dealings. At time of writing, the pair is trading at 1.0966, up 0.44% on the day.

EUR/USD levels to watch

As for technical levels, immediate resistances are seen at 1.1000 (psychological level) and 1.1052 (200-day SMA), while supports could be found at 1.0886 (20-day SMA), 1.0809 (Jan 29 low) and the 1.0777/70 zone (Jan 21 & 7 lows).

Significant global downturn will hurt US – Fed’s Dudley

New York Fed’s Dudley was on the wires today stating that a significant global downturn and/or dollar strength could hurt US economy.
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USD/CAD ignores ADP, breaks below 1.3900

The greenback is nose-diving across the board, now dragging USD/CAD to sub0-1.3900 levels, or session lows...
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