On Monday morning, the “euro vs US dollar” pair looks stable; it has just performed a minor technical correction and is ready for a new stage of growth. The current quotation is 1.2130.
Global investors remain tempted by risks regardless of the US attempts to pierce China. This time it is about possible sanctions imposed on 14 Chinese diplomats due to the members of the Legislative Council of Hong Kong having been disqualified. The situation around Hong Kong is very appealing for Washington, and Donald Trump might actually treat himself by this small attack on China before his presidency expires. He has six weeks left, and much can be done.
The US employment market statistics published on Friday turned out to be mixed but in the end provoked few questions.
The unemployment rate in November predictably decreased to 6.7% from 6.9% - this result is slightly better than forecast, still, the speed of improvement has neared its maximum. It is unlikely that we can count on a speed like this further on.
The NFP value has grown by 245 thousand only against forecast 480 thousand and a previous increase by 610 thousand. Next time, it is likely to be revised and increased. The average hourly earning in November fell by 0.3% m/m against the expected growth by 0.1%. On the whole, this is a normal market reaction to the decrease in the NFP.