The US dollar has stabilized as investors await the release of the US dollar later today. According to economists interviewed by Reuters, the country’s employers increased by nearly 400k in December and unemployment fell to 4.1%. According to data released by ADEPA on Wednesday, the country’s private sector has increased by 800,000 jobs. The first unemployment rate rose to at least 207k last week, according to the Labor Department on Thursday. Strong job numbers encourage the federation to start recording.
The Canadian dollar strengthened against the US dollar in recent years. According to the Commerce Department, in October, 56.42 billion C.A. Exports rose to $ 58.57 billion in November. At the same time, imports increased to 55.44 billion C, reaching a total of $ 3.13 billion. These figures show that the country’s economy is in good shape. From now on, the Statistics Agency will publish the latest job information. Economists expect data to show that the country’s unemployment rate has fallen from 6.0% to 5.9% in November.
The EuroSD pair has changed slightly since the recent euro zone inflation and US NFP data. It is trading at 1.1296 where it has been in the last few days. This value is slightly lower than the horizontal channel shown in red. It also has 25-day and 50-day moving averages and is slightly below the 23.6% Fibonacci retracement level. Therefore, the pairs remain in this region ahead of the NFP data.
USDCAD pairs moved sideways ahead of US and Canadian labor numbers. It is trading at 1.2753, which is above the low of 1.2620 this week. The pair moved slightly between the 25-day and 50-day moving averages. Made an upward channel shown in red. He also created a head and shoulder design. Therefore, there is a chance that he could go back and try his support again at 1.2620.
The XTIUSD pair rose to 79, the highest level since November 17. It is also above 77.15 above key support and parabolic SAR indicator. It also rose above the 25-day moving average Relative Strength Index (RSI) is slightly lower than the 70-day moving average.