|

North American Employment Friday [Video]

German Industrial Production stats for October open the day at 7 o’clock in the morning. Production accelerated for the second month in a row in September, but both of the increases were at a slow pace.
The UK Halifax House Price Index for November will then be available at 8:30 in the morning. Prices increased by point 7% in October, partially cancelling out September’s plunge of 1.3%. Prices were 1 and a half percent higher than in the same three months a year ago.
The revised Euro Zone third quarter GDP will then be published at 10 AM. According to the previous release, growth of the economy slowed down to a quarterly pace of point 2%, which is the slowest pace since 2014.
Then the high importance North American Employment data reports for November will be released at 1:30 PM GMT. The US total non-farm payroll employment was up by 250 thousand in October and unemployment rate stood unchanged at 3.7%.
The Canadian Labour Force Survey is the other publication scheduled at this time. The unemployment rate slipped by one tenth of a percent in October as fewer people looked for work. Employment increased slowly by slightly more than 11 thousand.
A couple more item regarding the US economy follow at 3 PM, including the Preliminary University of Michigan Survey for December. The consumer sentiment index declined to 97.5 in November, which is near its average for the past year.
The final US Wholesale Inventories for October is the other item out at this time. According to the advance report, wholesale inventories were up by point 7% in October at slightly more than 650 billion US Dollars. The US Consumer Credit release for October wraps up this agenda at 8 PM GMT. The total credit was up by nearly 11 billion in September, which was slower than analysts had estimated.

Author

Dukascopy Bank Team

Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

More from Dukascopy Bank Team
Share:

Editor's Picks

EUR/USD holds firm above 1.1900 as US NFP looms

EUR/USD holds its upbeat momentum above 1.1900 in the European trading hours on Wednesday, helped by a broadly weaker US Dollar. Markets could turn cautious later in the day as the delayed US employment report for January will takes center stage. 

GBP/USD recovers losses despite rising UK political risks, BoE rate cut bets

Pound Sterling advances against the US Dollar after registering modest losses in the previous session, trading around 1.3650 during the Asian hours on Wednesday. The pair could extend losses as the Pound Sterling faces pressure from rising political risks in the UK and growing expectations of near-term Bank of England rate cuts.

Gold sticks to gains near $5,050 as focus shifts to US NFP

Gold holds moderate gains near the $5,050 level in the European session on Wednesday, reversing a part of the previous day's modest losses amid dovish US Federal Reserve-inspired US Dollar weakness. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal ahead of the critical US NFP release. 

Bitcoin, Ethereum and Ripple show no sign of recovery

Bitcoin, Ethereum, and Ripple show signs of cautious stabilization on Wednesday after failing to close above their key resistance levels earlier this week. BTC trades below $69,000, while ETH and XRP also encountered rejection near major resistance levels. With no immediate bullish catalyst, the top three cryptocurrencies continue to show no clear signs of a sustained recovery.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

BNB prolonged correction signals deeper bearish momentum
BNB (BNB), formerly known as Binance Coin, is trading below $618 on Wednesday, marking the sixth consecutive day of correction since the weekend. The bearish price action is further supported by rising short bets alongside negative funding rates in the derivatives market.