Article By RoboForex.com
The currency “bears” are carousing in earnest – it is December and statistics contribute to the growth of their activity. And if everything is more or less clear with the weather factor, statistics, released on Friday, brought surprises.
The US released data on the Non-Farm Payrolls for November, which showed an increase in the number of employment outside the agricultural sector to 321 thousand – and this is the most significant increase in the indicator since the beginning of 2012. The average market expectations involve the strengthening of the NFP by 224 thousand, and to be honest, I was expecting something similar, because the weekly reports on the number of claims for unemployment benefits in November came out completely colourless. However, the final indicator was more than impressive – and it has not left any chances for the euro.
The main conclusion that can be drawn from the release of statistics on the labour market – in the United States a positive trend with the expansion of employment and the rate of its growth is maintained, which, in turn, supports the economy. The US unemployment rate in November was unchanged and amounted to 5.8%.
This statistic is a good sign that provide an understanding of the situation on the labour market. Naturally, to the naked eye the difference between the employment sector in the US and Europe can be seen.
However, there are risks. You know, what the most serious risk that the US Federal Reserve managed to build during stimulation is? It is an expensive dollar. A greenback continues to become stronger, because everyone else is lagging far behind.
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Article By RoboForex.com
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