U.S. Data Could Set Tone for EUR/USD Moves -- Market Talk

Dow Jones01-03

0754 GMT - The ISM report on business manufacturing purchasing managers indices will, due at 1500 GMT, will kick off days of publications of important U.S. data which should set the tone for EUR/USD, says Jesper Fjaerstedt, senior analyst in FX strategy at Danske Bank Research. Another potential driver is the Federal Reserve Open Market Committee's minutes of the December meeting, due at 1900 GMT. The euro remains below 1.10, having fallen sharply on Tuesday amid souring risk sentiment and rising U.S. yields, he says. "We think the move is fair as we have found it hard to fully justify the drop in U.S. rates and rally in EUR/USD from the macro-monetary policy backdrop." EUR/USD rises 0.2% to 1.0960. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

January 03, 2024 02:54 ET (07:54 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2400484433?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-03 15:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2400484433","market":"sg","top_or_hot":-1,"title":"U.S. Data Could Set Tone for EUR/USD Moves -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0754 GMT - The ISM report on business manufacturing purchasing managers indices will, due at 1500 GMT, will kick off days of publications of important U.S. data which should set the tone for EUR/USD, says Jesper Fjaerstedt, senior analyst in FX strategy at Danske Bank Research. Another potential driver is the Federal Reserve Open Market Committee's minutes of the December meeting, due at 1900 GMT. The euro remains below 1.10, having fallen sharply on Tuesday amid souring risk sentiment and rising U.S. yields, he says. \"We think the move is fair as we have found it hard to fully justify the drop in U.S. rates and rally in EUR/USD from the macro-monetary policy backdrop.\" EUR/USD rises 0.2% to 1.0960. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2024 02:54 ET (07:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Data Could Set Tone for EUR/USD Moves -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Data Could Set Tone for EUR/USD Moves -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-03 15:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0754 GMT - The ISM report on business manufacturing purchasing managers indices will, due at 1500 GMT, will kick off days of publications of important U.S. data which should set the tone for EUR/USD, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2400484433","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2400484433","pubTimestamp":1704268440,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0754 GMT - The ISM report on business manufacturing purchasing managers indices will, due at 1500 GMT, will kick off days of publications of important U.S. data which should set the tone for EUR/USD, says Jesper Fjaerstedt, senior analyst in FX strategy at Danske Bank Research. Another potential driver is the Federal Reserve Open Market Committee's minutes of the December meeting, due at 1900 GMT. The euro remains below 1.10, having fallen sharply on Tuesday amid souring risk sentiment and rising U.S. yields, he says. \"We think the move is fair as we have found it hard to fully justify the drop in U.S. rates and rally in EUR/USD from the macro-monetary policy backdrop.\" EUR/USD rises 0.2% to 1.0960. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USD":"ProShares Ultra Semiconductors"},"translate_title":"美国数据可能为欧元/美元走势定下基调——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EURUSD.FOREX":1,"USD":1},"content_text":"0754 GMT - The ISM report on business manufacturing purchasing managers indices will, due at 1500 GMT, will kick off days of publications of important U.S. data which should set the tone for EUR/USD, says Jesper Fjaerstedt, senior analyst in FX strategy at Danske Bank Research. Another potential driver is the Federal Reserve Open Market Committee's minutes of the December meeting, due at 1900 GMT. The euro remains below 1.10, having fallen sharply on Tuesday amid souring risk sentiment and rising U.S. yields, he says. \"We think the move is fair as we have found it hard to fully justify the drop in U.S. rates and rally in EUR/USD from the macro-monetary policy backdrop.\" EUR/USD rises 0.2% to 1.0960. (emese.bartha@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 03, 2024 02:54 ET (07:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2400484433"}