The euro has risen above the 100-day MA on the comments by Mario Draghi
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
British pound ascends and retreats on British jobs report
On Tuesday, the British pound rallied to the day’s maximums before decreasing after British jobs data disclosing that the unemployment rate was still steady at 42-year minimum, although the squeeze on wages kept unrolling.
The currency pair GBP/USD initially reached a maximum of 1.3212, ascending from 1.3197 ahead of the report before rebounding to 1.3153.
The unemployment rate for the three months to the end of September didn’t change, keeping to 4.3%, which is line with experts’ expectations.
The number of folks in employment slumped for the first time in a year. Evidently, there were up to 32.06 million employees in work for the three months to September, which is a 14,000 sag on the previous quarter.
The Bank of England is closely monitoring wage ascend as it estimates whether the leap in inflation is putting longer-lasting pressure on prices or not. The bank expects UK wages to ascend by 2.0% in 2017 before picking up next year and in 2019.
Similar
Will the jobs data support the aussie?
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The volatility for the USD is expected
The level of non-farm payrolls, also known as non-farm employment change or NFP will be out on June 7, at 15:30 MT time.
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
