The European Single Currency appreciated against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange rate gained 18 pips or 0.16% right after the release. The Euro continued trading at the 1.1230 level against the US Dollar.
The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the US Average Hourly Earnings and the Unemployment Rate were released at the same time.
On March, the US economy generated more jobs than expected, and the confidence in the state of labor market strengthened. Also, the slowdown in wage inflation supported the Fed's resolution to lessen further policy tightening.
| Date | 07.12.18 | 04.01.19 | 01.02.19 | 08.03.19 | 05.04.19 |
|---|---|---|---|---|---|
| Actual | 155K | 312K | 304K | 20K | 196K |
| Forecast | 198K | 179K | 165K | 180K | 172K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.71171 | 0.71216 | 0.06% |
| EUR/USD | 1.12312 | 1.12338 | 0.02% |
| NZD/USD | 0.67417 | 0.6744 | 0.03% |
| USD/JPY | 111.645 | 111.685 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 70.8% | 29.2% |
| EUR/USD | 30.9% | 69.1% |
| NZD/USD | 70.2% | 29.8% |
| USD/JPY | 32.4% | 67.6% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 6:00 | EUR | German Trade Balance | 19B | 18.5B |
| 12:15 | CAD | Housing Starts | 193K | 173K |
| 12:30 | CAD | Building Permits m/m | - | -0.1% |