How Useful Is ADP For Trading The NFP? |
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Dollar Remains Dominant Driver of Rand Post NFP
Rand Dollar Outlook: USD/ZAR Influenced by a Slightly Higher Dollar Post NFP Recommended by Tammy Da Costa Get Your Free USD Forecast US Employment Remains Robust After Strong NFP Report but Rand Resilience Holds USD/ZAR is currently trading around 0.95% higher on the week as the safe-haven Dollar recuperated a portion of recent losses. As […]
EUR/USD: NFP and recommendations as of 01/06/2023 – Analytics & Forecasts – 6 January 2023
At the time of publication of the article, EUR/USD is testing for a breakdown an important short-term support level 1.0504. Despite the fact that the index of business sentiment in the European economy, which determines the trend of the Eurozone economy as a whole, and core inflation in the Eurozone rose in December (by +0.6% […]
XAU/USD climbs steadily toward $1,850 after solid US NFP data
US Nonfarm Payrolls exceeded estimates of 200K, while the unemployment rate edged lower. Average Hourly Earnings were lower than the 5% foreseen, signaling the absence of a wage spiral. Gold Price Forecast: To find solid resistance around $1,852-$1,860. Gold price extends its gains after the US Nonfarm Payrolls showed the US economy added more jobs […]
NZD/USD aims to extend recovery above 0.6250 amid risk-on impulse, US NFP hogs limelight
NZD/USD is looking to stretch its recovery above 0.6250 backed by a rebound in the risk-on mood. The US Dollar Index is struggling below 104.80 ahead of the US NFP data release. Upbeat US ADP Employment Change data has resulted in more troubles for the Fed policymakers. The NZD/USD pair is struggling to extend its […]
Will December NFP Beat Estimates Again?
The BLS has reported that NFP have been above expectations for five months in a row. The most dramatic were the July figures which came in twice the number expected. It seems economists have been consistently underestimating the number of jobs the American economy can make. Of course, that this is a net figure instead […]
The case for additional labor market weakness is clear – Wells Fargo
On Friday, the US official employment report will be released. Market consensus is for an increase in payroll by 200K. Analysts at Wells Fargo point out the demand for workers has started to roll over. They argue job openings and hiring plans have declined since the start of 2022, and the trend in layoffs is […]