The chances for Fed rates hike rise after the labor market and wages

The pace of hiring of workers in the United States in October remained strong, pushing wage growth and increasing the likelihood of Fed rate increase at its meeting in December.
The number of jobs outside agriculture rose by 161.000 due to demand in the construction industry, health, professional and business services industries, announced on Friday the Ministry of Labour.
Earnings in yearly base in the past month rose by an average of 2.8 percent, which was the most significant rise in seven and a half years.
On Wednesday, at the last meeting before the presidential election, the Fed left rates unchanged, as markets had expected, but made it clear that they can raise them in December, as the economy is gaining momentum, and inflation accelerated.
Last week, the statistics pointed to the acceleration of GDP growth in the third quarter. Since 2010, the business has created 15.5 million new jobs, nearly half of them - highly paid.

EUR/USD is rising on the positive data on GDP growth in the eurozone

On Friday, the euro was higher against the US dollar after the release of eurozone economic growth data in line with expectations, as well as with the report on industrial production, which exceeded forecasts.
During the European morning trade, EUR/USD reached 1.1159, the session high; the pair subsequently consolidated at 1.1150, rising by 0.12%.
The pair was likely to have a support at 1.1066, the low of August 9 and resistance at 1.1194, the high of Thursday.
Eurostat reported, that the eurozone GDP increased by a seasonally adjusted 0.3%, coinciding with the rate of increase in the previous quarter and the consensus forecasts.
In annual basis, GDP growth is by 1.6% in the second quarter, coinciding with the rate of increase of the first three months of the current year and the forecasts.
Eurozone data were published after Germany, the leading economy in the region, surprised the market participants with its performance of economic growth - 0.4% instead of the expected 0.2%.
A separate report showed, that the industrial production in the eurozone rose by 0.6% in June, beating forecasts for increase of 0.5%, after falling by 1.2% the previous month.