{"id":141150,"date":"2019-02-05T07:30:08","date_gmt":"2019-02-05T12:30:08","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141150"},"modified":"2019-02-05T06:31:12","modified_gmt":"2019-02-05T11:31:12","slug":"eurusd-downtrend-on-the-euro-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/eurusd-downtrend-on-the-euro-continues\/","title":{"rendered":"EURUSD: downtrend on the euro continues"},"content":{"rendered":"
February 5, 2019<\/div>
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By Matthew Anthony, Alpari<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Previous:<\/em><\/strong><\/p>\n

On Monday the 4th<\/sup> of February, trading on the euro closed down. In the US session, the dollar made gains against all the majors on the back of a rise in US10Y bond yields. Traders and investors clearly took positives from the US jobs report on Friday. Growth on the dollar was tempered, however, by disappointing figures for US factory orders. Factory orders fell by 0.6% in November against a forecasted rise of 0.3%. Since this data was for November, the reaction to it was relatively weak. The euro subsequently dropped to 1.1424.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n