December 03, 2024 at 07:40AM
The main event in the European session was the Switzerland CPI. The data printed in line with estimates, so it doesn’t change anything in terms of market pricing. In the American session, the focus will be on the US Job Openings data. It’s unlikely that it will change anything for the Fed though as it looks like that only another hot CPI could force them to skip the December cut.
15:00 GMT/10:00 ET – US October Job Openings
The US Job
Openings are expected at 7.475M vs. 7.443M prior. The last report surprised to the downside with the quits rate ticking
slightly lower and the hiring and layoffs rates remaining relatively stable.
It’s a labour market where at the moment it’s hard to find a job but there’s
also low risk of losing one. There’s a good chance that things will improve
next year though and there have been some positive signs already.
Central bank speakers:
08:00 GMT – ECB’s Cipollone (dove – voter)
15:30 GMT/10:30 ET – ECB’s Panetta (dove – voter)
17:15 GMT/12:15 ET – Fed’s Daly (neutral – voter)
17:35 GMT/12:35 ET – Fed’s Kugler (dove – voter)
18:30 GMT 13:30 ET – Fed’s Goolsbee (dove – non voter)
This article was written by Giuseppe Dellamotta at www.forexlive.com.
