{"id":76389,"date":"2015-08-06T06:28:50","date_gmt":"2015-08-06T10:28:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=76389"},"modified":"2015-08-06T07:43:47","modified_gmt":"2015-08-06T11:43:47","slug":"euro-reverses-gains-ahead-of-u-s-payrolls-friday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/euro-reverses-gains-ahead-of-u-s-payrolls-friday\/","title":{"rendered":"Euro Reverses Gains Ahead of U.S. Payrolls Friday"},"content":{"rendered":"<div id=\"inves-791353129\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 6, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>EUR\/USD ran into strong resistance and robust selling interest above 1.0940 following a run higher in early European trade. A high was left at 1.0943 with the pair having dipped back to the 1.0910-15 area. A run higher during the Asia session was similarly rejected, with the overall bias to remain to the downside into tomorrow\u2019s U.S. payrolls report.<\/p>\n<p>The weak ADP data was also offset by the ISM-NMI surge with its component pop in the employment gauge to a ten-year high of 59.6, and many analysts continue \u00a0to expect 215k July nonfarm payroll rise on Friday. EUR\/USD focus is on the early July low at 1.0808, which is the lowest traded since late April. Resistance is at 1.0958-90, which coincides the 20-day moving average.<\/p>\n<p>On Wednesday the ISM released a much stronger than expected services report, which offset the weakness in the ADP payroll report which showed that job gains in the private sector only increased by 185K compared to the 215K expected.<\/p>\n<p>The July U.S. ISM-NMI rose to 60.3 compared to the consensus estimate of 56.0. Business activity rose to 64.9 from 61.5. New orders rose to 63.8 from 58.3. The employment component rose to 59.6 from 52.7.Order backlogs rose to 54.0 from 50.5.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/eur-080615.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-8585\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/08\/eur-080615-300x196.jpg\" alt=\"eur-080615\" width=\"300\" height=\"196\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p><div id=\"inves-2277333533\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime EUR\/USD ran into strong resistance and robust selling interest above 1.0940 following a run higher in early European trade. A high was left at 1.0943 with the pair having dipped back to the 1.0910-15 area. A run higher during the Asia session was similarly rejected, with the overall bias to remain to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76389","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=76389"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76389\/revisions"}],"predecessor-version":[{"id":76405,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76389\/revisions\/76405"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}