{"id":98988,"date":"2016-12-01T07:09:49","date_gmt":"2016-12-01T12:09:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=98988"},"modified":"2016-12-01T07:09:49","modified_gmt":"2016-12-01T12:09:49","slug":"eurusd-flat-in-wednesdays-range-expected-before-payrolls","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/eurusd-flat-in-wednesdays-range-expected-before-payrolls\/","title":{"rendered":"EUR\/USD: flat in Wednesday\u2019s range expected before payrolls"},"content":{"rendered":"
December 1, 2016<\/div>
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By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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

On Wednesday the euro closed down. After an update of the session maximum due to pound sales in the euro\/pound cross, the euro fell 115 points to 1.0552. Demand for the USD rose after strong American data from ADP and Chicago PMI which came out better than expected. There was also a growth in the yield of American bonds.<\/p>\n

Market expectations:<\/em><\/strong><\/p>\n

The nervousness on the market will persist until the end of the week. The OPEC meeting has come and gone. This year there is just Friday\u2019s NFP and the FOMC meeting left. In my forecast I\u2019ve gone for a rise in quotes in the first half of the day to 1.0629, with a subsequent fall to 1.0588. Here I\u2019m putting my money on a correctional movement in the euro\/pound cross. In the second half of the day the euro will probably be under pressure since the sellers will switch on with expectations of positive US stats driving their actions.<\/p>\n

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