| On this week's Market Outlook session with Exness, EURUSD's uptrend might continue after the completion of the current retracement around $1.09 depending on important upcoming data. Inflation in the eurozone has continued to drop and flash GDP while lukewarm has at least not been negative, with neither the eurozone generally nor Germany specifically in recession now by this measure. It might be possible to see the dollar index taking a break in the next few days ahead of the NFP, which could give other currencies including the euro a chance to move up. However, it's crucial to monitor Friday's job report. The results are unpredictable and likely to affect most markets significantly, bringing relatively high volatility for the season. Currently, the expectation is 200,000 for the NFP and 3.6% for unemployment. |
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