Very strong employment data from the U.S.!
Non-Farm Employment +312K vs expected +181K
Manufacturing Employment + 32 vs expected + 20K
Average hourly earnings +0.4% m/m, 3.2% y/y, much better expected +0.3% m/m 3.0% y/y
------
The rise of unemployment from 3.7% to 3.9% should not be misleading, as it was together with the growth of the Participation Rate on the same 0.2 percentage point.
This is a positive news for the dollar, which added 0.4% in the first minutes after the publication.
Such strong growth has the potential to mitigate fears around the growth of the US economy by supporting the demand for risky assets.
Now the main question is how Powell will comment these figures at 15:15 GMT. Will he seize the chances to set up markets for two rate hikes in 2019, although the markets are not expecting no changes or even cut?
Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Non-Farm Employment +312K vs expected +181K
Manufacturing Employment + 32 vs expected + 20K
Average hourly earnings +0.4% m/m, 3.2% y/y, much better expected +0.3% m/m 3.0% y/y
------
The rise of unemployment from 3.7% to 3.9% should not be misleading, as it was together with the growth of the Participation Rate on the same 0.2 percentage point.
This is a positive news for the dollar, which added 0.4% in the first minutes after the publication.
Such strong growth has the potential to mitigate fears around the growth of the US economy by supporting the demand for risky assets.
Now the main question is how Powell will comment these figures at 15:15 GMT. Will he seize the chances to set up markets for two rate hikes in 2019, although the markets are not expecting no changes or even cut?
Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
🗓 Important upcoming events and publications for January, 7 (GMT):
🇪🇺 10:00 Eurozone Retail Sales rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region's data, fearing signs of an unnecessarily abrupt economic cooling. The decline in sales can negatively affect the euro.
🇺🇸15:00 U.S. Non-manufacturing ISM is one of the most important indicators of business activity in the country. This publication can seriously spur volatility in pairs with #USD and in the stock markets. It is expected to fall from a very high level at 60.7 to 59.0. A sharper decline may be unfavorable for the dollar.
Visit https://fxpro.news/economic-calendar/ for more details.
🇪🇺 10:00 Eurozone Retail Sales rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region's data, fearing signs of an unnecessarily abrupt economic cooling. The decline in sales can negatively affect the euro.
🇺🇸15:00 U.S. Non-manufacturing ISM is one of the most important indicators of business activity in the country. This publication can seriously spur volatility in pairs with #USD and in the stock markets. It is expected to fall from a very high level at 60.7 to 59.0. A sharper decline may be unfavorable for the dollar.
Visit https://fxpro.news/economic-calendar/ for more details.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
News from the US sharply increased market growth and put pressure on the dollar at the end of last week. If, as a result of today's trade negotiations between the United States and China, significant progress can be achieved, it can be said that the markets are in a Goldilocks situation. Read more
🗓 Important upcoming events and publications for January, 8 (GMT):
🇩🇪 07:00 Germany Industrial production rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region's data, fearing signs of an unnecessarily abrupt economic cooling. In this case, analysts expect production decline in November by 0.8% y/y.
🇬🇧 08:30 U.K. HBOS House Price index is expected to confirm the sharp cooling of the growth to just 0.4% y/y. Weak data can put some pressure on #GBP, becoming an additional sign of economic slowdown.
🇺🇸 13:30 U.S. Trade Balance is closely monitored by the markets, as trade wars are the focus of market participants. Trade deficit has increased over the past year, but November data is expected to be slightly reduced from 55.5B to 54.0B. Any deviations from expectations can have a short-term impact on the dynamics of #USD.
Visit https://fxpro.news/economic-calendar/ for more details.
🇩🇪 07:00 Germany Industrial production rarely spark a big volatility for #EUR. However, recently markets have focused their attention to the region's data, fearing signs of an unnecessarily abrupt economic cooling. In this case, analysts expect production decline in November by 0.8% y/y.
🇬🇧 08:30 U.K. HBOS House Price index is expected to confirm the sharp cooling of the growth to just 0.4% y/y. Weak data can put some pressure on #GBP, becoming an additional sign of economic slowdown.
🇺🇸 13:30 U.S. Trade Balance is closely monitored by the markets, as trade wars are the focus of market participants. Trade deficit has increased over the past year, but November data is expected to be slightly reduced from 55.5B to 54.0B. Any deviations from expectations can have a short-term impact on the dynamics of #USD.
Visit https://fxpro.news/economic-calendar/ for more details.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Trade wars and protectionism may help cryptocurrency in the long run
Trade wars, protectionism, technological isolation and increasingly tight control over financial flows may well become a pillar for the growth of interest in digital assets, as it was 10 years ago after disappointment in the common financial system.
Read more
Trade wars, protectionism, technological isolation and increasingly tight control over financial flows may well become a pillar for the growth of interest in digital assets, as it was 10 years ago after disappointment in the common financial system.
Read more
FxPro News
FxPro Blog for forex traders
For cryptomarket the holidays passed without any significant upheavals. Unlike last year, cryptocurrency did not attract meaningful demand. Bitcoin co...
Wave Analysis: #Palladium is expected to rise further and re-test the next resistance level 1275.00
Read more
Read more
🗓 Important upcoming events and publications for January, 9 (GMT):
🇨🇦 15:00 Bank of Canada set to hold its rate unchanged. A potential source of volatility for #CAD in this case will be accompanied statement and a monetary policy report. The press conference of the head of the Central Bank, which will begin later at 16:15, also has the potential to influence the course of trading.
🇬🇧 15:30 BoE’s Mark Carney speech can affect the fluctuations of the #GBP if his comments on monetary policy forecasts and economic assessments will contain hints at softening rhetoric.
🇺🇸 19:00 December’s FOMC Meeting Minutes, when the Committee raised its key rate, but softened its tone, lowered forecasts for economic growth and for number of rate hikes in 2019th.
Visit https://fxpro.news/economic-calendar/ for more details.
🇨🇦 15:00 Bank of Canada set to hold its rate unchanged. A potential source of volatility for #CAD in this case will be accompanied statement and a monetary policy report. The press conference of the head of the Central Bank, which will begin later at 16:15, also has the potential to influence the course of trading.
🇬🇧 15:30 BoE’s Mark Carney speech can affect the fluctuations of the #GBP if his comments on monetary policy forecasts and economic assessments will contain hints at softening rhetoric.
🇺🇸 19:00 December’s FOMC Meeting Minutes, when the Committee raised its key rate, but softened its tone, lowered forecasts for economic growth and for number of rate hikes in 2019th.
Visit https://fxpro.news/economic-calendar/ for more details.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Markets wag the Fed
Usually Fed leads markets expectations by its forward guidance but sometimes it seems that markets are trying to wag the dog.
Read more
Usually Fed leads markets expectations by its forward guidance but sometimes it seems that markets are trying to wag the dog.
Read more
FxPro News
FxPro Blog for forex traders
The Fed has a difficult balancing act. On the one hand, the market should not be allowed to dictate its terms, because low rates are in the interests ...
⚠️ News alert!
At 15:00 GMT Bank of Canada interest rate decision will be published. This data may affect USDCAD. volatility.
Open your FxPro trading platform to examine the market situation: fxpro.com 👈🏻
Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
At 15:00 GMT Bank of Canada interest rate decision will be published. This data may affect USDCAD. volatility.
Open your FxPro trading platform to examine the market situation: fxpro.com 👈🏻
Trade Responsibly: 79 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money