ADP United States Nonfarm Employment will be released today - 30.11.2022

On Tuesday, the US dollar index rose slightly for the 3rd day in a row. This was due to statements from New York Fed President John Williams and St. Louis Fed President James Bullard on the possibility of further tightening of monetary policy. Against this background, the probability of a 4% increase in the Fed rate at a meeting on December 14 by 0.75% increased to 36% from 14% a few weeks earlier. An additional positive for the US dollar was the decline in the S&P/Case-Shiller Home Price index in September. Theoretically, this could be a sign of a slowdown in US inflation, which will be released on December 13th. Now the dollar is slightly weaker ahead of the performance of the Federal Reserve Chair Jerome Powell, which will take place in the evening. In addition, important economic indicators will be published in the US today. The independent agency ADP will release its survey on the labor market. It will help refine the outlook for the official Non Farm Payrolls employment figure for November, due out on Friday. Also released today are United States Gross Domestic Product Q3 2nd Estimate, Goods Trade Balance, JOLTS Job Openings, Pending Home Sales and Fed Beige Book review.

Bitcoin quotes are growing today for the 2nd day in a row and are about $17,000. Oddly enough, this was not prevented by the bankruptcy of the crypto-credit company BlockFi International, which followed the bankruptcy of the FTX crypto exchange. Probably, the players hope that the remaining participants in the cryptocurrency market are reliable enough.

Yesterday, US stock indices fell for the 3rd day in a row amid possible plans for further aggressive rate hikes by the Fed. Thus, today's speech by US Federal Reserve Chair Jerome Powell may affect not only Forex, but also the stock market. Among sectoral indices yesterday, the growth leaders were S&P 500 Real Estate (+1.7%) and S&P 500 Energy (+1.3%). Their good performance supported the Dow. The fall leaders were S&P 500 Information Technology (-1%). Investors fear a disruption in the supply of components from China amid protests against coronavirus restrictions. Shares of Amazon, Nvidia, Tesla and other companies that depend on Chinese chips and other things fell more than 1%. Apple quotes fell 2.1% on Tuesday.

On Tuesday, oil rose in price. The American Petroleum Institute (API) reported a decrease in US oil inventories by 7.85 million barrels over the week, which is a maximum of almost 5 months. Most market participants believe that OPEC + will not increase production at the December 4 meeting. Another positive for quotes was the message that developed countries have not yet been able to agree on limiting prices for Russian oil (G7 price cap) as part of tougher economic sanctions. Earlier it was assumed that this decision would be made on December 5.

Natural gas prices in Europe on ICE Dutch TTF soared today to a 2-month high of $1,460 per 1,000 cubic meters. This is helped by a cold snap in Europe and the US, as the gas is used for heating.