{"id":82085,"date":"2015-12-07T10:18:32","date_gmt":"2015-12-07T15:18:32","guid":{"rendered":"http:\/\/countingpips.com\/?p=82085"},"modified":"2015-12-07T10:54:33","modified_gmt":"2015-12-07T15:54:33","slug":"eurusd-will-probably-rise-again-after-the-fed-next-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/eurusd-will-probably-rise-again-after-the-fed-next-week\/","title":{"rendered":"EUR\/USD Will Probably Rise Again After The Fed Next Week"},"content":{"rendered":"<div id=\"inves-2649314129\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 7, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"content-inner\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p><strong>EUR\/USD Is Likely To Rise After Fed Hike. Why?<\/strong><\/p>\n<p>(buy at 1.0720)<\/p>\n<ul type=\"disc\">\n<li><strong>Nonfarm payrolls rose 211k last month, the US Labor Department said on Friday<\/strong>. September and October data was revised to show 35k more jobs than previously reported. The unemployment rate held at 5.0%.<\/li>\n<li>The USD recovered a bit of ground after upbeat payrolls data bolstered the case for an imminent hike in US interest rates. However, strong USD is still a concern for US policymakers due to its negative influence on exports.<\/li>\n<li>US trade deficit widened unexpectedly in October as exports fell to a three-year low, suggesting that trade could again weigh on economic growth in the fourth quarter. Trade subtracted 0.22 percentage point from gross domestic product in the third quarter, which expanded at a 2.1% annual rate.<\/li>\n<li>The trade gap rose to USD 43.9 a sign that the worst of the drag from a stronger dollar was far from over. September\u2019s trade deficit was revised up to USD 42.5 billion from the previously reported USD 40.8 billion.<\/li>\n<li><strong>Fed funds futures contracts now show that traders see about an 80% chance that the Fed\u2019s meeting December 15-16 will end with a decision to lift rates for the first time since 2006. Traders also boosted bets on a second rate hike by March. But we are the opinion that the second rate hike by March will not be signalized in December FOMC statement \u2013 this would be a disappointment for investors and may trigger stronger USD sell-off. That is why we are looking to use current USD recovery to get EUR\/USD long. We have slightly lowered our bid to 1.0720.<\/strong><\/li>\n<li>Markets were also watching ECB President Mario Draghi\u2019s speech on Friday. He said he was confident the measures, which included a small deposit rate cut and an extension of its asset purchase programme, would bring inflation back to the ECB\u2019s target. He was quick to add that the bank was ready to ease policy further if needed.<\/li>\n<li>Comments by ECB rate setters since the decision suggest there was not enough support for bolder action on the ECB\u2019s governing council. The head of Germany\u2019s Bundesbank, Jens Weidmann, said he had voted against easing, judging that the current low inflation was mainly due to low oil prices. Latvia\u2019s central bank governor Ilmars Rimsevics, who declined to say how he voted, said he questioned some of the measures announced on Thursday during the Governing Council. Executive Board member Yves Mersch, on the other hand, stood by Thursday\u2019s decision and even left the door open for more stimulus in the future if needed.<\/li>\n<li>Sign up for GrowthAces.com daily analysis and trading strategies updated twice a day.<\/li>\n<\/ul>\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/growthaces.com\/sites\/default\/files\/eurusd_07122015.png\" alt=\"EUR\/USD Forex Daily Chart\" \/><\/p>\n<p>Significant technical analysis levels:<\/p>\n<p>Resistance: 1.0887 (hourly high Dec 7), 1.0956 (high Dec 4), 1.0981<\/p>\n<p>Support: 1.0753 (20-day ema), 1.0741 (10-day ema), 1.0523 (low Dec 3)<\/p>\n<p><a href=\"https:\/\/growthaces.com\">Sign up for Forex newsletter to get daliy analysis and profitable forex strategies<\/a><\/p><div id=\"inves-2544563803\" 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<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD Is Likely To Rise After Fed Hike. Why? (buy at 1.0720) Nonfarm payrolls rose 211k last month, the US Labor Department said on Friday. September and October data was revised to show 35k more jobs than previously reported. The unemployment rate held at 5.0%. The USD recovered a bit of ground after upbeat payrolls [&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-82085","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82085","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=82085"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82085\/revisions"}],"predecessor-version":[{"id":82089,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82085\/revisions\/82089"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}