5am us forex news
Here are some key Forex news and market updates for 5:00 AM US Eastern Time:
Market Updates:
- The US dollar is trading mixed against major currencies, with the EUR/USD pair hovering around 1.1300.
- The GBP/USD pair is trading around 1.3100, with the British pound struggling to make gains amid ongoing Brexit uncertainty.
- The USD/JPY pair is trading around 110.50, with the Japanese yen strengthening slightly amid a decline in US Treasury yields.
- The AUD/USD pair is trading around 0.7200, with the Australian dollar weakening slightly amid a decline in commodity prices.
Economic News:
- The US Census Bureau reported that the US trade deficit widened to $55.5 billion in August, exceeding expectations of $54.5 billion.
- The US Department of Labor reported that initial jobless claims fell to 201,000 in the week ended September 12, beating expectations of 215,000.
- The European Central Bank (ECB) announced that it will keep interest rates unchanged at its September meeting, as expected.
Event Calendar:
- 8:30 AM ET: US Retail Sales (August)
- 10:00 AM ET: US Business Inventories (July)
- 10:30 AM ET: US Crude Oil Inventories (Weekly)
- 12:30 PM ET: US FOMC Member Speech (Bostic)
Technical Analysis:
- The EUR/USD pair is trading above its 50-day moving average, with a potential upside target at 1.1350.
- The GBP/USD pair is trading below its 50-day moving average, with a potential downside target at 1.3050.
- The USD/JPY pair is trading above its 50-day moving average, with a potential upside target at 111.00.
Market Sentiment:
- The US dollar is trading mixed, with the EUR/USD pair showing a slight bias towards the upside.
- The GBP/USD pair is trading with a slight bias towards the downside.
- The USD/JPY pair is trading with a slight bias towards the upside.
Please note that these are just some of the key Forex news and market updates for 5:00 AM US Eastern Time, and that market conditions can change rapidly. It's always important to stay informed and adapt to changing market conditions.