EUR/USD at 1.1005. US unemployment unchanged at 4.9%.

EUR/USD closed today at 1.1005, which is 0.53% above the previous close. The currency pair started this week at 1.0932 and after falling to lows of 1.083 areas recovered during the second half of the week. It showed 0.67% weekly gain.

US markets finished this session with a slight growth. Major indices had the following performance:

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com
  • DJIA increased by 0.37% closing at 17,006.77.
  • Nasdaq Composite finished at 4,717.02, up 0.20%.
  • S&P 500 closed at 1,999.99, which is 0.33% higher than the previous close.

US stocks gained in value during this week, with DJIA, Nasdaq Composite and S&P 500 indices posting a 2.2%, 2.74% and 2.65% increase respectively.

The US Labor Department announced today that Nonfarm payrolls grew by 242,000 jobs, which is above the analysts’ estimates of 190,000. The unemployment rate stayed at the same 4.9% level, which represents the eight-year low. The hourly wages fell by 0.1% compared with an increase of 0.5% in January.

Oil prices jumped today driven by strong US data. The WTI Crude closed at 35.92 USD/bbl up 3.91% and Brent Crude at 38.72 USD/bbl, which is 4.45% above the previous close. US crude is up for a three weeks in a row and Brent Crude for two weeks in a row.


“We’ve had another good week, the market has been toying with resistance around the $37.50 area in Brent. We had a break above but it failed to hold — to me it indicates we could be in a Friday afternoon profit mode” said Ole Hansen from Saxo Bank.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

Tags: , ,

Leave a Reply

You must be logged in to post a comment.