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EUR/USD Signal - US ADP Employment Change - 02 Oct 2019

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Average: 4.6 (5 votes)

EURUSD is trading near 1.0930 level with rising odds of an October Fed rate cut. The common currency may get some bids if the US ADP prints below estimates. The markets see a 64% chance of the Fed reducing rates by 25 basis points this month and the percentage may increase if we see disappointing jobs data.

eurusd signal 02 oct 2019

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.