JOLT job openings 6646K vs 6400K estimate

The JOLTS job openings for December 2020

  • prior month6527K revised to 6572K
  • JOLTS job openings 6646 vs. 6572K last month. Job openings rate +4.5% vs. +4.4% last month.
  • Pace of hiring 3.9% vs. 4.2% last month
  • Total hirings 5539K vs. 5935K last month
  • Quits jobrate 2.3% vs. 2.2% last month
  • Total quits 3286K vs. 3180K last month
  • Separations rate 3.8% vs. 3.9% last month
  • Total separations 5460K vs. 5523K last month
  • Layoffs and discharges 1.3% vs. 1.4% last month
  • Total layoffs and discharges 1812K vs. 2055K last month

Further Development

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Analyzing the current trading chart of EUR/USD, I found that the buyers got exhausted today and the downside rotation would be probably to correct strong upside movement from recent few days.

Watch for selling opportunities due to the extension to the upside with the potential downside targets at 1,2022 and 1,1955

Stochastic oscillator is showing overbought condition and potential for the ABC completion…

Key Levels:

Resistance: 1,2120-1,2130

Support levels: 1,2022 and 1,1955

The material has been provided by InstaForex Company – www.instaforex.com

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