The US economy unexpectedly added only 210k jobs in November, compared to 604k increase in October, well below market expectations of 550k.
The jobless rate declined to 4.2% from 4.6% last month and below market estimates of 4.5%.
Wage growth fell slightly to 4.8% YoY, from 4.9% increase in October and below market expectations of a 5.0% YoY increase.
Weak job growth lowers the odds that the Federal Reserve will accelerate the tapering process.
EURUSD broke above 1.1300 resistance and 50 SMA (green line) after today's data release and if current sentiment prevails resistance level at 1.1375 may be at risk. Source:xStation5
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨