The US dollar is stable

11 December, 2017

Last week, the US dollar strengthened against the basket of world currencies. On Friday, December 8, the US published an ambiguous report on the labor market. In November, 228,000 new jobs were created in the non-agricultural sector of the country, which is higher than the market expectations of 200,000. At the same time, the average hourly wage increased by 0.2%. Experts expected the growth of the index by 0.3%. The unemployment rate remained unchanged at 4.1%. The dollar index (#DX) closed the trading session with a slight increase (+0.11%).

Participants of the financial markets are expecting the Fed's meeting, which will be held on December 13. Most experts expect that the regulator will raise its key interest rate by 25 basis points to 1.50%. At the moment, the probability of tightening the monetary policy exceeds 90%. It is necessary to pay attention to the comments and rhetoric by the representatives of the Central Bank. The Fed may point to further pace of interest rate hikes.

The "black gold" prices are consolidating. Investors expect an additional driver. At the moment, futures for the WTI crude oil are being traded in the range of $57.00-$57.25 per barrel.

Market Indicators

On Friday, the major US stock indices closed in the positive zone: #SPY (0.55%), #DIA (0.52%) and #QQQ (0.44%).

At the moment, the 10-year US government bonds yield is at the level of 2.37-2.38%.

The news feed on 2017.12.11:

Today, the publication of important economic reports is not planned. At 17:00 (GMT+2:00) the data on the number of open jobs in the JOLTS labor market will be released.


Source   Presented by JustForex
Price touches down at the balance line

On Wednesday the 4th of December, the euro was down by four points at the end of trading. In the American session, bulls pushed the price to...

EURUSD: growth to 45th degree expected

On Friday the 29th of November, the euro was up at the end of trading. It was a short day in the USA, and therefore the volume of trading operations...

EURUSD: bears met with resistance

According to the wave structure, the decline did not come to an end. The fall stopped at the 67th degree, with the trend line from the minimum at 1.0879...


EURUSD trying to find a balance point

On Monday the 4th of November, trading on the euro closed down. The gains made by bulls on long positions on Friday above 1.130 were erased on...

EURUSD: bears poised to attack

On Monday the 28th of October, trading on the euro closed up. This was probably a technical correction following Friday's drop. This correction...

EURUSD: bears trying to take control

On Tuesday the 22nd of October, trading on the euro closed down. Trading on the US dollar was mixed during the European session, which was brought...


EURUSD: bulls ready for new highs

We're expecting fresh highs today followed by a rebound to the LB. The pair is currently trading around the trend line, so it will be interesting to see...

EURUSD: 1.0893 on the horizon

On Wednesday the 25th of September, trading on the euro closed down. The single currency dropped to 1.0938 against the greenback...

EURUSD: consolidating on the balance line

On Tuesday the 24th of September, trading on the euro closed up. The pound came out on top yesterday, making gains in the wake of the...