Source: PaxForex Premium Analytics Portal, Technical Insight

The U.S. economy added 245,000 jobs in December 2020, below analysts' consensus forecasts. The unemployment rate remained unchanged at 6.7%. Overall, the data came out a bit worse than forecasted, the numbers are seen as positive. In any case, the U.S. economy requires additional stimulus from the regulator, which was accepted at the last meetings of the Fed.

Non-Farm Payrolls Employment

Last data: 245К 
Consensus Forecast: 100K 
Non-Farm Payrolls (NFP) is an economic indicator that shows the number of new jobs created in the U.S. non-agricultural sectors each month. It is a very important macroeconomic indicator of the country, which best reflects the dynamics of unemployment in the United States. The total number of people employed in the non-agricultural sector is about 80% of the total U.S. gross domestic product. 

U.S. Average Hourly Earnings MoM

Last data: 0.3% 
Consensus forecast: 0.2%
This indicator shows the change in the average hourly wage level for major industries, except agriculture. 

Unemployment Rate 

Past data: 6.7% 
Consensus forecast: 6.7% 
The previous Unemployment Rate was slightly better than the consensus estimate of 6.8%, while the actual number was 6.7%. This may indicate some stabilization in the labor market, no flurry of company closings as was the case in the first lockdown.  

In the previous release of data, the movement on the EUR/USD currency pair at that moment made 39 points:

At the same time, having developed movement at 97 points within a few days:

More interesting course of events took place on the asset, which closely correlates with the currency pair EUR/USD - gold, at the moment of publication gold prices fell by 140 points! 

It was followed by a 248-point drop in gold within several days!