NFP Stirs USD Trading

NFP shakes things up for USD traders. Non-farm employment data beat expectations in certain areas, pushing USD up to fresh tops.

Chart Talk

The US labour market added 228k new jobs in November, beating the 200k consensus. While this number beat expectations, average hourly earnings came in below the estimated 2.7% at 2.5%. The unemployment rate met analysts’ forecast, coming in at 4.1%.

Moved by big economic data, USD charts went on fire. EURUSD climbed above 1.700 levels, trading now around 1.7556 and above.

USDJPY hovers above the 113.220 handle, while the USDCAD also moved by the Canadian housing data revolves around 1.2845 levels.

Brexit and NFP-driven GBPUSD tests the area of 1.3419-20.