EURUSD:
The EUR/USD exchange rate remained virtually unchanged after three days of growth and is trading around 1.1730 in Asian trading on Wednesday.
The eurozone HICP is expected to rise by 2.2% year-on-year in September, following a 2.0% increase in August. Meanwhile, annual core HICP inflation is expected to remain at 2.3% in the same month. Monthly inflation and core inflation in August were 0.1% and 0.3%, respectively.
US federal government funding expires at 04:00 GMT on Wednesday, which will lead to a government shutdown. About 750,000 federal employees could be furloughed after Congress failed to pass funding bills.
The latest job vacancy data showed that the labor market is slowing down, but the number of vacancies rose from 7.21 million to 7.23 million in August. At the same time, the hiring rate fell to 3.2%, the lowest since June 2024, while the layoff rate remained low.
Trade recommendation: BUY 1.1795, SL 1.1715, TP 1.1985
Origin: FreshForex
