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Forex Today: The US labour market remains in the spotlight
The Greenback traded on the defensive for the second day in a row on Wednesday amid lower yields and the absence of news in Powell’s remarks at an event hosted by the New York Times.
EUR/USD
Fxstreet
Wed, Dec 4
Breaking: Donald Trump nominates Paul Atkins as next SEC Chair
President-elect Donald Trump confirmed on Wednesday that he has nominated Patomak Global Partners CEO Paul Atkins as the next Chair of the Securities & Exchange Commission (SEC).
Fxstreet
Wed, Dec 4
Fed’s Powell discusses monetary policy amid increasing bets for further easing
Federal Reserve Chair Jerome Powell is set to participate in a moderated discussion on the economic outlook on Wednesday at the New York Times DealBook Summit in New York.
Fxstreet
Wed, Dec 4
United States Factory Orders (MoM) meets forecasts (0.2%) in October
United States Factory Orders (MoM) meets forecasts (0.2%) in October
Fxstreet
Wed, Dec 4
United States ISM Services New Orders Index dipped from previous 57.4 to 53.7 in November
United States ISM Services New Orders Index dipped from previous 57.4 to 53.7 in November
Fxstreet
Wed, Dec 4
United States ISM Services PMI registered at 52.1, below expectations (55.5) in November
United States ISM Services PMI registered at 52.1, below expectations (55.5) in November
Fxstreet
Wed, Dec 4
United States ISM Services Prices Paid up to 58.2 in November from previous 58.1
United States ISM Services Prices Paid up to 58.2 in November from previous 58.1
Fxstreet
Wed, Dec 4
United States ISM Services Employment Index: 51.5 (November) vs previous 53
United States ISM Services Employment Index: 51.5 (November) vs previous 53
Fxstreet
Wed, Dec 4
United States S&P Global Composite PMI registered at 54.9, below expectations (55.3) in November
United States S&P Global Composite PMI registered at 54.9, below expectations (55.3) in November
Fxstreet
Wed, Dec 4
United States S&P Global Services PMI came in at 56.1 below forecasts (57) in November
United States S&P Global Services PMI came in at 56.1 below forecasts (57) in November
Fxstreet
Wed, Dec 4
Fed's Musalem: Will wait to see data before deciding on December meeting
St. Louis Federal Reserve President Alberto Musalem said on Wednesday that it might be possible to pause rate cuts at the upcoming meetings, and added that they are keeping all options for the December meeting.
Fxstreet
Wed, Dec 4
Lagarde speech: Growth will be weaker in short term
While testifying before the European Parliament's Committee on Economic and Monetary Affairs on Wednesday, European Central Bank (ECB) President Christine Lagarde said that the economic growth in the Eurozone will be weaker in the near term, per Reuters.
Fxstreet
Wed, Dec 4
Canada Labor Productivity (QoQ) below expectations (0.2%) in 3Q: Actual (-0.4%)
Canada Labor Productivity (QoQ) below expectations (0.2%) in 3Q: Actual (-0.4%)
Fxstreet
Wed, Dec 4
United States ADP Employment Change below forecasts (150K) in November: Actual (146K)
United States ADP Employment Change below forecasts (150K) in November: Actual (146K)
Fxstreet
Wed, Dec 4
United States MBA Mortgage Applications fell from previous 6.3% to 2.8% in November 29
United States MBA Mortgage Applications fell from previous 6.3% to 2.8% in November 29
Fxstreet
Wed, Dec 4
OECD raises 2025 global growth forecast to 3.3% from 3.2%, warns of protectionism risks
The Organization for Economic Co-operation and Development (OECD) warned of increasing growth risks from rising trade tensions and protectionism even after raising the global growth outlook for the next year.
Fxstreet
Wed, Dec 4
United Kingdom S&P Global/CIPS Composite PMI came in at 50.5, above expectations (49.9) in November
United Kingdom S&P Global/CIPS Composite PMI came in at 50.5, above expectations (49.9) in November
GBP/USD
Fxstreet
Wed, Dec 4
United Kingdom S&P Global/CIPS Services PMI above expectations (50) in November: Actual (50.8)
United Kingdom S&P Global/CIPS Services PMI above expectations (50) in November: Actual (50.8)
GBP/USD
Fxstreet
Wed, Dec 4
Bailey speech: Expect four UK rate cuts next year as inflation eases
Bank of England (BoE) Governor Andrew Bailey spoke in a pre-recorded interview at the Global Boardroom Digital Conference hosted by the Financial Times (FT) on Wednesday.
EUR/USD
Fxstreet
Wed, Dec 4
ECB’s Rehn: I see policy easing continuing in the coming months
“I see policy easing continuing in the coming months,” European Central Bank (ECB) policymaker Olli Rehn said on Wednesday.
EUR/USD
Fxstreet
Wed, Dec 4
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