Tag Archives: nfP

US equities edged higher, even despite comments by Fed Vice-Chair Lael Brainard said that the central bank would hardly pause its current rate-hiking cycle amid record inflation levels. Cleveland Loretta Mester said that inflation has not yet peaked and that it’s too early to discuss a potential pause in the …

Wednesday’s data has showed an unexpected acceleration in the US ISM Manufacturing PMI Index in May from 55.4 to 56.1. According to analysts at Wells Fargo, the report offers a mixed read on the state of the industry. “Orders and order backlogs are growing at a faster pace. Meanwhile, supplier …

The US has gained 428,000 jobs and wages are up 5.5% year, roughly within expectations. Higher wages impact the kind of inflation that Fed can control. Faster rate hikes are firmly on the Fed’s agenda, benefiting the dollar. Job growth also looks healthy. Even when subtracting the downward revisions worth …

The US Bureau of Labor Statistics (BLS) will release the April jobs report on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 5 major banks regarding the upcoming employment data. Wells Fargo “We …

GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …

The EUR/USD pair dropped further and printed a fresh three-day low during the American session at 1.1026 as the US dollar gained momentum. The bias remains to the downside with the pair set to keep trimming weekly gains.The US dollar strengthened after the beginning of the American session as market …

Nonfarm Payrolls (NFP) rose by 431,000 in March, below the median economist forecast for a 490,000 rise, data published by the US Bureau of Labor Statistics showed on Friday. However, the February Non-Farm Payrolls number received a hefty 72,000 upwards revision to 750,000 from 678,000, more than making up for …

The US Bureau of Labor Statistics (BLS) will release the March jobs report on Friday, April 1 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data.  CIBC “Employers likely …

The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …