Indices
US Dollar falls, metals rebound and Stocks open shy after the NFP data release.
Explore reactions and key trends after the US Data with our Market Reactions piece.
Forex
The Euro (EUR) weakens against the British Pound (GBP) on Tuesday, as Sterling outperforms most major peers following the release of UK labour market data. At the time of writing, EUR/GBP trades around 0.8763, down nearly 0.25% on the day, snapping a three-day winning streak.
US Non-Farm Payrolls data just beat expectations – Unemployment still grew to 4.6%, while Retail Sales misses (0% vs 0.1% exp)
Explore the details of the two key US reports right here.
Reaction piece coming up soon.
Forex
EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply.
Forex
USD/JPY softened as UST yields slipped, with the market largely pricing in a 25bp Bank of Japan (BOJ) hike this Friday and another in 2026.
The ECB is expected to keep interest rates unchanged at its next meeting, but internal debate is intensifying due to diverging views on the inflation outlook. New projections may show inflation below target in 2026–27 and above target in 2028, complicating policy signals. Economic resilience supports a cautious stance, while a hawkish tone could further lift EUR/USD.
Forex
EUR/USD remains steady near two-and-a-half-month highs on Tuesday, trading practically flat at 1.1750 at the time of writing, ahead of the release of the preliminary Eurozone Manufacturing and Services Purchasing Managers Indexes (PMIs) for December and the delayed US employment figures.
Forex
The EUR/GBP cross pares gains near 0.8785 during the early European session on Tuesday. The Pound Sterling (GBP) recovers some lost ground against the Euro (EUR) after the UK employment data.
Forex
The USD/CHF pair trades stably around 0.7960 during the early European trading session on Tuesday. The Swiss Franc pair remains calm as investors await the United States (US) Nonfarm Payrolls (NFP) report for October and November, which will be published at 13:30 GMT.
Forex
The UK Office for National Statistics (ONS) will publish its labor market report at 07.00 GMT. The UK ILO Unemployment Rate is expected to rise to 5.1% in October from 5.0% in September. Employment Change arrived at -22K in September.
