EURUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.07% -8.1 Pips
Week to-date -1.21% -135.5 Pips
October -0.92% -102.3 Pips
Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

In the United States, economic data released shows a slight downturn in various sectors. The Census Bureau reported that new orders for manufactured goods dropped by 0.2% in August, a notable decline from the revised 4.9% increase in July. This decline suggests a slowdown in manufacturing activity, potentially indicating cooling demand or production challenges. Additionally, the Department of Labor reported that initial unemployment insurance claims rose to 225,000 for the week ending 28 September, surpassing the previous figure of 219,000. This increase in claims might indicate some softening in the labor market, although the rise is relatively modest and may not yet signal a significant trend.