{"id":152861,"date":"2019-08-05T08:30:10","date_gmt":"2019-08-05T12:30:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152861"},"modified":"2019-08-05T07:33:13","modified_gmt":"2019-08-05T11:33:13","slug":"eurusd-bulls-run-out-of-steam-at-the-90th-degree","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-bulls-run-out-of-steam-at-the-90th-degree\/","title":{"rendered":"EURUSD: bulls run out of steam at the 90th degree"},"content":{"rendered":"
August 5, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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

Trading on the safe haven currencies closed up last week, with everything else losing ground. The biggest loser against the US dollar was the pound (-1.80%), followed by the Aussie dollar (-1.60%), the Kiwi dollar (-1.45%), the Canadian dollar (-0.27%), and the euro (-0.17%). The yen posted a rise of 1.94% against the greenback, while the Swiss franc jumped 1.11%.<\/p>\n

As the US-China trade conflict heated up once again, and investors retreated to the safe havens, the US jobs report was largely ignored. 164k new jobs were added outside the agricultural sector against a downwards revised reading of 193k for June (down from 244k). The reading for May was revised downwards from 72k to 62k, bringing the aggregate revision for the two months to -44k. The unemployment rate remained unchanged at 3.7%. Average hourly earnings rose by 0.3%, the same amount as the previous month.<\/p>\n

The EURUSD pair traded within a 30-pip range. Judging by the chart, you wouldn\u2019t have guessed that the NFP report came out on Friday.<\/p>\n

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