The release of a private measure for US job growth has raised hopes ahead of Friday’s more widely followed NFP report and points to a tightening labour market after some pronounced weakness in the final quarter of 2019. A reading for the ADP December employment change of 202k was above the consensus forecast for 160k and shows a marked improvement on the prior reading of 124k - revised up from 67k initially. The market reaction hasn’t been too large but the USD has built on further gains while both Gold and US bonds have moved lower. US Stocks trade near daily highs with the US500 at 3241 last.
The EURUSD has been trending lower in recent trade and is now back near the prior swing level around 1.1110. Source: xStation
Hopes remain high for a US/ Iran deal, as stocks rally and bonds recover
Weak retail sales data from UK 🔎What's next for GBPUSD?
Daily summary: Peace agreement draft lifts the market
BREAKING: Mixed PMI from US
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
