The Attention Is Focused on the Report on the Labor Market in the US

Yesterday trading on the main currency pairs was quite active. The dollar index (#DX) once again closed in the positive zone (+0.18%). At the moment, investors have taken a wait-and-see attitude before the publication of statistics on the labor market in the United States. Experts expect in November the number of employed in the non-agricultural sector of the country to slow from 261,000 to 200,000. We recommend paying attention to the difference between the actual and forecasted value of the indicator. It should be recalled that the preliminary report from ADP went beyond the market expectations. At the same time, the index of business activity in the non-manufacturing sector of the US from ISM fell by 4.5% to 57.4.

Today in the Asian trading session, positive statistics on the trade balance and the GDP of Japan have been published. In the third quarter, Japan's economy grew by 0.6%, which is higher than the forecasted value of 0.3%. China reported that in November the surplus of the country's trade balance increased by 5.3% to $40.21 billion.

The oil quotes have begun to recoup after a significant decline since the beginning of this week. Yesterday, futures for the WTI crude oil rose by more than 1%. At the moment, the price is testing the mark of $56.75 per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: #SPY (0.32%), #DIA (0.31%) and #QQQ (0.34%).

The 10-year US government bonds yield continues to show positive dynamics. At the moment the indicator is at the level of 2.37-2.38%.

The news feed on 2017.12.08:

- Production volume in the manufacturing industry in the UK at 11:30 (GMT+2:00);
- A report on the labor market in the US at 15:30 (GMT+2:00).

by JustMarkets, 2017.12.08

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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