The European Single Currency depreciated against the US Dollar, following the US Employment data sets release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 32 pips or 0.27% during a minute, right after the release. The European Single Currency kept going downwards after the data release to continue trading at the 1.1590 area.
The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 201k compared with forecasted 191K. Note, that the Average Hourly Earnings and the Unemployment Rate were released at the same time with the Non-Farm Employment Change.
This data release was significant for the United States. The numbers have shown that unemployment rate fell down, which helped unemployed people find more than 200,000 jobs in August. The wage increase was also significant, the largest annual wage increase since 2009. Overall, we can observe that the US economy is doing well.
| Historical Data Table: Non-Farm Employment Change | Economic Calendar for 11.09.2018 | ||||||||
| Date | 02.02.2018 | 09.03.2018 | 06.04.2018 | 04.05.2018 | 07.09.2018 | 8:30 AM | UK Average Earnings Index 3m/y | ||
| Actual | 239K | 326K | 103K | 164K | 201K | 8:30 AM | UK Unemployment Rate | ||
| Forecast | 181K | 205K | 188K | 190K | 191K | 9:00 AM | EUR German ZEW Economic Sentimen | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.71623 | 0.71429 | -0.27% | AUD/USD | 61.38% | 38.62% | |||
| EUR/USD | 1.16179 | 1.15911 | -0.23% | EUR/USD | 59.94% | 40.06% | |||
| USD/JPY | 110.809 | 110.976 | 0.15% | USD/JPY | 53.03% | 46.97% | |||
| NZD/USD | 0.65844 | 0.65668 | -0.27% | NZD/USD | 57.85% | 42.15% | |||