The European Single Currency appreciated against the US Dollar, following the US Employment data sets release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 24 pips or 0.20% during a minute, right after the release. The European Single Currency kept going upwards after the data release to continue trading at the 1.1520 area.
The Bureau of Labor Statistics released Non-Farm Employment Change data lower-than-expected of 134k compared with forecasted 185K. Note, that the Average Hourly Earnings and the Unemployment Rate were released at the same time with the Non-Farm Employment Change.
The Labor Department commented that the unemployment rate fell to 3.7% in September from 3.9% in August. The unemployment rate had been expected to edge down to 3.8%.
| Historical Data Table: Non-Farm Employment Change | Economic Calendar for 09.10.2018 | ||||||||
| Date | 09.03.2018 | 06.04.2018 | 04.05.2018 | 07.09.2018 | 05.10.2018 | 00:30 AM | AUD NAB Business Confidence | ||
| Actual | 326K | 103K | 164K | 201K | 134K | 14:35 PM | GBP MPC Member Broadbent Speaks | ||
| Forecast | 205K | 188K | 190K | 191K | 185K | 18:00 PM | CAD Gov Council Member Wilkins Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.70726 | 0.70771 | 0.06% | AUD/USD | 68.19% | 31.81% | |||
| EUR/USD | 1.15055 | 1.15129 | 0.06% | EUR/USD | 59.45% | 40.55% | |||
| USD/JPY | 113.862 | 113.861 | 0.00% | USD/JPY | 29.97% | 70.03% | |||
| NZD/USD | 0.64717 | 0.64773 | 0.09% | NZD/USD | 63.12% | 36.88% | |||