empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

08.12.202312:12 Forex Analysis & Reviews: Technical Analysis of EUR/USD for December 8, 2023

EUR Displays Resilience Pre-NFP-Payrolls Release

The Non-farm Payrolls report, a pivotal market mover, gauges monthly employment in the USA, excluding certain sectors. A higher-than-expected figure is USD positive, while a lower figure is USD negative.

Key Highlights:

  1. ADP Report Insights: Private payrolls rose by 103,000 in November, slightly below estimates. Notably, the leisure and hospitality industry lost 7,000 jobs, while services-related industries gained. Goods producers experienced a net loss of 14,000 jobs.
  2. Anticipation for NFP Release: The NFP report, releasing on Friday, December 8th, at 13:30 PM GMT, holds significant expectations. October's NFP consensus of 297,000 fell short at 150,000. November's forecast is 185,000, with expected Average Hourly Earnings (MoM) of 0.3% and an Unemployment Rate of 3.9%.

EUR/USD: Navigating Market Dynamics - Technical Analysis

Exchange Rates 08.12.2023 analysis
#sebastianseliga

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Sebastian Seliga,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.