Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
Get ready for the USD volatility
The United States will release the level of Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, at 15:30 MT time on May 3. The NFP is considered as the leading indicator of consumer spending. Last time the indicator came out higher than expected. However, the level of average hourly earnings, released at the same time, disappointed the market. It resulted in mixed trading of the USD. This month can lead to a different outcome.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
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Market updates on November 11
A calm trading session with the US-China trade updates in focus
5 important events this week will bring us
New Zealand's interest rate announcement and the indicators of British, American, Australian and European economy
Latest news
The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
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