Watch More: Dukascopy TV
The Greenback fluctuated based on the releases of the controversial reports from Bureau of Labour Statistics on Friday. The EUR/USD currency pair rose by 16 pips in the first 5 minutes, however the trend reversed right after, causing the pair to tumble almost twice as much.
The Bureau of Labour Statistics simultaneously released 3 reports on Friday: average hourly earnings, non-farm employment change and unemployment rate, from which only the first 2 had a notable impact on the exchange rate. The upmove in the EUR/USD currency pair was caused by lower-than-expected average hourly earnings data, while the downtick was driven by better-than-expected non-farm employment change figures.
| Historical Data Table: US Average Hourly Earnings m/m | Economic Calendar for 12.03.2018 | ||||||||
| Date | 03.11.2017 | 08.12.2017 | 05.01.2018 | 02.02.2018 | 09.03.2018 | 6:00 PM | US Federal Budget Balance | ||
| Actual | -0.10% | 0.10% | 0.40% | 0.30% | 0.10% | 9:45 PM | NZD FPI m/m | ||
| Forecast | 0.20% | 0.30% | 0.30% | 0.20% | 0.20% | 11:50 PM | JPY PPI y/y | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.77959 | 0.7817 | 0.27% | AUD/USD | 66.41% | 33.59% | |||
| EUR/USD | 1.22867 | 1.23028 | 0.13% | EUR/USD | 41.85% | 58.15% | |||
| USD/JPY | 106.893 | 106.847 | -0.04% | USD/JPY | 64.32% | 35.68% | |||
| NZD/USD | 0.72659 | 0.72805 | 0.20% | NZD/USD | 45.26% | 54.74% | |||