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06.12.2018: What traders are waiting for? EUR/USD, GBP/USD

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The position of the European assets has barely changed since the previous trading session. Meanwhile, the economic calendar is busy today.
Germany released the factory orders report which showed that the number of new orders in the manufacturing sector increased unexpectedly though analysts predicted a decline of 0.4%. Market participants get ready to absorb the jobs data from the United States. Today the ADP employment change report will see the light.
Meanwhile, traders are uncertain, so the euro-dollar pair is trading sideways near the level of 1.1330. Uncertainty was caused by the latest news about the US-China relations. Reportedly, the financial director of Huawei was arrested in Canada.
Speaking about political factors, the Brexit issue loomed large again. The Parliamentary election is due to be held in the United Kingdom on the 11th of December. Some analysts predict that Theresa May will have to resign.
The pound-dollar pair is also trading mixed. Today its quotes are hovering between 1.2740 and 1.2720. Probably, the cable will remain in a tight range. This week the United Kingdom will not release any key economic reports, so the pound sterling totally depends on the US dollar and political factors.
As for the single European currency, it is unlikely to gather enough momentum to resist its American counterpart. Tomorrow the final GDP estimates will be unveiled in the Eurozone, but they are unlikely to change the investor sentiment. Traders will pay more attention to the jobs report and wages data from the United States.

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