US nonfarm payroll 517K vs 185K estimate. Unemployment rate 3.4% vs 3.5% estimate
Nonfarm payroll rises by 517 K A huge beat that may have some seasonality issues, but it is impressive with gains and revisions well above expectations. The average gain in 2022 was 401K Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in […]
Asia FX weakens, dollar rebounds as nonfarm payrolls loom By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies weakened on Friday, while the dollar rebounded in anticipation of more cues on the U.S. economy from nonfarm payrolls data, while markets dialed back bets on an imminent pause in the Federal Reserve’s rate hike cycle. The fell 0.2% even as a private survey showed […]
US non-farm payrolls in focus today
The BOE delivered a more dovish rate hike yesterday while the ECB more or less met expectations with their decision. However, Lagarde wasn’t exactly firm with her communique as the central bank just committed to one more 50 bps rate hike in March. There was an attempt to try and walk that back here but […]
US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls
US Dollar, Jobless Claims, Apple & Amazon Earnings – Asia Pacific Market Open: US Dollar pivots on Thursday after disappointing Wednesday Upbeat jobless claims data underscored data-dependent Fed Soft Apple & Amazon earnings may benefit DXY before NFPs Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – US Dollar Gains on […]
Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data?
2023-01-06 2023-01-06 Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data? Piyush Ratnuhttps://www.litefinance.org/blog/authors/piyush-ratnu/ The article covers the following subjects: Analysis 02.12.2022 Accuracy Summary and Review As projected in my analysis dated 02.12.2022: If the Bullish momentum pushes Gold price across the $1812 barrier, $1818, 1836 and 1866 can be the next target […]
How to Trade the Non-farm Payroll Report for Potential Forex Gains
Tyson and Chris are the creators of the groundbreaking Equities on Demand training program, which seeks to help you master your equities and options trading game. For more information, watch our Equities on Demand video here. The markets move in tandem with the economy. Any positive or negative reporting in key economic numbers or an […]
Forexlive Americas FX news wrap: ISM miss overshadows non-farm payrolls
Markets: Gold up $34 to $1867 US 10 year yields down 17 bps to 3.55% WTI crude oil flat at $73.67 S&P 500 up 95 points to 3924 NZD leads, USD lags We’re only four days into 2023 trading and we’ve already had some twists and turns, including some big ones today. The dollar was […]
Trading Year Starts, US Non-Farm Payrolls Ahead
The start of the trading year brings key trading news, including US Non-Farm Payrolls (NFP) and global productivity updates. Last year, resilience in the job market went a long way towards sheltering the US economy from fierce interest rates and inflation headwinds. Going forward, will global recession fears overshadow optimism towards growth in the labour […]
Can the Nonfarm Payrolls Beat Forecasts for a Ninth Consecutive Month?
Nonfarm Payrolls (NFP) have surpassed forecasts in the previous eight months. The NFP rarely meets expectations and frequently defies reality. Job growth above pre-pandemic levels cannot last forever. Higher interest rates and inflation have had an impact on the housing market, and possibly the labour sector as well. Nonfarm Payrolls (NFP) have exceeded expectations for […]