The number of job openings in the United States was little changed in November, according to the latest data released on Tuesday. The Bureau of Labor Statistics reported monthly job openings dropped to 5.52 million during the reported month, missing analysts' expectations of 5.59 million. Meanwhile, October's level was revised down to 5.45 million from 5.53 million. The JOLTS report is closely followed by the Federal Reserve Chair Janet Yellen. Jobs in local government, excluding education, climbed to more than 32,000, whereas private job openings overshoot government hires by 48,000. Over the month, hires and separations were also little changed at 5.2 million and 5.0 million, respectively, while the layoffs and discharges rate remained unchanged at 1.1% during the eleventh month of the year.
Other data released Tuesday showed US wholesale inventories rose to a seasonally adjusted annual rate of 1.0% in November from 0.9% in the previous month. This marked the largest increase since November 2014.
Upcoming fundamental releases: Central banks and unemployment
Today first news will come from the ECB, as at 12:30 GMT the central bank is set to publish the ECB Monetary Policy Meeting Accounts or simply called ECB minutes. These accounts will give insight into the future policies of the ECB. The strength of the US Dollar during today's trading session will be influenced by fundamental data and speeches at 13:30 GMT. The US Unemployment Claims number is the one to most likely influence the strength of the Buck the most. In addition, the US Import Prices might also give a surprise. Moreover, two FOMC members are set to speak publicly during that time, as Evans and Harker will speak to the public.
EUR/USD once more at trend line
Daily Chart: The Euro is back at the upper trend line of the medium term ascending channel against the US Dollar on Thursday. The jump was caused by Donald Trump's speech, in which he did not concentrate much on fiscal policy, but rather other topics. That caused the US Dollar to fall. Although, as that happened in the borders of the pattern, a depreciation of the Euro against the Greenback is still expected. The rate is most likely set to retreat back to the monthly PP at 1.0580 by the end of the day's trading session.Traders return to bullishness
SWFX traders returned to being bullish on the pair, as 53% of open positions were long on Thursday. Meanwhile, 63% of trader set up orders were to sell the Euro.
Spreads (avg,pip) / Trading volume / Volatility
Average forecast says EUR/USD will trade around 1.04 in April
Traders, who were questioned on their longer-term views on EUR/USD between December 12 and January 12 expect, on average, the currency pair to trade around 1.04 by middle of April. In addition, 37% (-2%) of participants believe the exchange rate will be generally above 1.06 in ninety days and 11% (-1%) see it above 1.12. Alongside, 42% of those surveyed reckon the pair will trade below 1.02 in three months.