Results of the last trading day:
The key event was the Friday report on the US labor market. The data were worse than expected, but not all. The number of new jobs in the US, engaged in non-agricultural sector in January increased by 151 thousand. The forecast of 190 thousand. The figure for November was revised for the second time upward from 252 to 280 thousand. In December value was revised downward to 292 up to 262 thousand. (minus 30 thousand.). The overall result of the revision: -2 thousand.
Unemployment in the US decreased by 0.1% to 4.9% in January. average hourly earnings index was 0.5% (forecast was 0.3%, previous 0.0%). The level of involvement in the labor force increased by 0.1% to 62.7%.
The decrease in jobs EUR / USD reacted to the growth 1.1244, followed by weakness in the reduction of unemployment, the growth of average hourly wages and the level of involvement of the population in the labor force. Traders also drew attention to the increase in jobs in the processing sector. They rose by 29 thousand.Rate fell to 1.1108.
Market expectations for today:
The euro / dollar is trading at 1.1133 against Asia Friday's low 1.1108. After the publication of the labor market in the US on Monday, I always consider the movement against Friday. On the fundamentals do not pay attention. According to the forecast in the framework of the upward correction to Friday waiting for recovery of the euro to 1.1206.
News of the day:
- At 10:00 MSK in Germany, there are data on industrial production.
- At 16:30 MSK in Canada - change in the volume of building permits issued.
- Intraday goal: maximum - 1.1206 minimum - 1.1020, closing - 1.1185.
- Intraday volatility over the past 10 weeks: 102 item (4 digits);
At 7:13 MSK, EUR / USD is trading at 1.1136. In Asian trading on the foreign exchange market is calm, as in Singapore, New Zealand, China and Hong Kong stock exchanges are closed on the occasion of national holidays.
Stochastic Oscillator is in the euro zone purchases. Suffice it to rise to 1.1160 and AO indicator on the hourly period is formed buy signal for the single currency. The purpose of Monday - 1.1206.