| 
April 07, 2023EUR/USD is grinding lower from 1.0925 to 1.0914, shedding 11 pips (0.1%) today.
Non Farm Payrolls data from United States will be released today at 12:30 UTC with analysts expecting a decline to 239,000. Potentially significant price fluctuations in Euro-Dollar are expected to follow.
On the flip side, United States Initial Jobless Claims released earlier showed a marked improvement to 228,000 from the preceding data of 246,000, but fell short of the 200,000 figure forecast by a consensus of market analysts.
Meanwhile, data for Germany Industrial Production released yesterday at 06:00 UTC is better than expected with 2%, but worse than previous figure of 3.7%. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.38 trillion, while the previous figure was 3.40 trillion.
In the meantime, negative performances are seen in other pairs, GBP/NZD is down to 1.9849, losing 67 pips, after closing at 1.9917 in the preceding trading session. EUR/NZD closed at 1.7414 (down 0.39%).
Though the Euro has been dropping, other pairs have been performing better: NZD/USD added 0.33% to its value, now trading at 0.6267.
In addition, today at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 239,000 from the preceding figure of 311,000.
Furthermore, Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC. United States Unemployment Rate is expected today at 12:30 UTC.
The currency pair has been trending positively for about 28 days. As things stand, Euro-Dollar is 13.85% away from a significant low of 0.9596 first set 6 months ago.
