{"id":157092,"date":"2019-10-08T07:30:34","date_gmt":"2019-10-08T11:30:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157092"},"modified":"2019-10-08T07:03:37","modified_gmt":"2019-10-08T11:03:37","slug":"eurusd-expect-movements-between-1-0958-and-1-1000","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/eurusd-expect-movements-between-1-0958-and-1-1000\/","title":{"rendered":"EURUSD: expect movements between 1.0958 and 1.1000"},"content":{"rendered":"
October 8, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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On Monday the 7th<\/sup> of October, trading on the EURUSD pair closed 0.06% down. The rate jumped to 1.1001 during the European session before slipping to 1.0969 during the US session. These fluctuations were brought about by weak German data, comments from Neil Kashkari, and uncertainty over US-Chinese trade talks.<\/p>\n

The factory orders index in Germany dropped by 0.6% against a forecast of -0.3%. There\u2019s an increased likelihood of the German economy going into recession.<\/p>\n

Minneapolis Fed President Neil Kashkari said that the Fed should continue to slash interest rates. This is a necessary measure to prevent risks to the economy and to grow wages. The next FOMC meeting is at the end of the month.<\/p>\n

Negotiators began talks on the 7th<\/sup> of October ahead of the meeting between the Chinese Vice Premier and US Trade Representative, which is planned for Thursday. Reuters has reported that these talks are taking place amid a tense atmosphere, with neither side showing signs of compromise.<\/p>\n

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