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EURUSD Forecast and Technical Analysis Dec 11th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

EURUSD Forecast and Technical Analysis Dec 11th

The NFP report released on Friday showed that the US economy added 228,000 new jobs in November, above expected, but also that the previous month's figure suffered a downward revision, from 261K t0 244K. The unemployment rate unchanged at 4.1%, while wages grew above previous, but below expected. MoM, average hourly earnings surged by 0.2%, and by 2.5% from a year earlier. This last is a major drag on inflation and could affect the pace of rate hikes in 2018.

It is almost certain that FED will increase the rates and this has been priced by the market players long ago. 2018 rate hikes are in focus now.

On the other hand, we have ECB and Draghi factors. But we do not think they would put something new on to the table.

EURUSD Forecast And Technicals:

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This article was written by Emre Tutucu for http://www.fxters.com/eurusd-forecast-technical-analysis-dec-11th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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