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EUR/USD Rises Strengthened by Mixed US Indicators

January 3, 2019 by

The euro was rising against the US dollar during the daily session today and accelerated its growth after the US fundamental data disappointed dollar bulls. The currency pair stabilized afterwards.

ADP employment report has shown a growth by 271k jobs in December after adding 157k jobs in November (revised down from 179k). The median forecast had been 179k for December. (Event A on the chart.)

Initial jobless claims went up from 221k to 231k last week. Traders had expected the indicator to come out at 220k. (Event B on the chart.)

ISM manufacturing PMI declined from 59.3 to 54.1 in December. A more moderate decline (to 57.5) had been expected. (Event C on the chart.)

Yesterday, a report on Markit manufacturing PMI has shown that the final figure for December went down from its preliminary value of 53.9 to 53.8. It was not expected to change. (Not shown on the chart.)

EUR/USD as of 2018-01-03

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