The U. S. dollar jumped on Friday to hit highest level in a year, after official data revealed more solid U.S. job growth in October, but the American currency retreated in late trading as risk appetite improved and stocks surged.NFP increased by 531,000 jobs last month, above expected 450,000, as …
Read More »EUR/USD declines below 1.1520 after NFP data
The EUR/USD pair slid under renewed pressure and touched its weakest record level of 2021 below 1.1520 on Friday after the US jobs report showed that Nonfarm Payrolls rose by 531,000 in October, surpassing the market consensus of 425,000.The latest rebound in EUR/USD seems to be a technical correction with …
Read More »U.S. Nonfarm Payrolls Rise in October
Nonfarm Payrolls (NFP) in the US rose by 531,000 in October, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in better than the market expectation of 425,000. Additionally, September’s print got revised higher to 312,000 from 194,000. The unemployment rate fell to …
Read More »NFP Preview: Forecasts From Four Major Banks
NFP is set to be released on Friday, November 5 at 12:30 GMT. here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data SocGen “In our forecast for a 520K job increase in October, the first consideration is a neutral contribution from …
Read More »FOMC Minutes Preview: Fed to Reiterate Taper Message Despite Weak NFP
“All but met,” is the sentence Fed Chair Jerome Powell said about the plan to taper, but the weak NFP numbers may derail the bank from its plan to taper sooner. On Tuesday, three U.S. Federal Reserve policymakers said the economy had recovered enough to begin tapering, reinforcing expectations that …
Read More »NZD/USD pressured below 0.6950 amid stronger USD
NZD/USD has surrendered the previous session’s gains on Tuesday in the Asian session. The buying pressure in the U. S. dollar keeps NZD/USD unsteady. NZD/USD is trading at 0.6933, down 0.12% for the day, the U. S. Dollar Index (DXY), which measures its performance against its six major rivals, trades …
Read More »Investors still digest USD’s performance after NFP report
The US dollar has significantly surged during the course of the trading session on Monday to start the week and slice through the ¥112.50 level.The dollar ticked up to a 2-1/2-year high versus the yen on Monday after a soft U.S. payrolls figure did little to alter market expectations that …
Read More »Stocks close lower but S&P 500 still on weekly gain
Stocks closed in the red on Friday as investors digested a key report on the labor market’s recovery, which showed a much weaker than expected growth of hiring in September. The S&P 500 fluctuated between gains and losses throughout the day, trading choppily like recurrent waves after three successive sessions …
Read More »Will slow job growth impact Fed’s tapering?
U.S. jobs rose by 194,000 in September, below economists’ average estimates for a gain of 500,000 jobs, the Labor Department reported Friday. But the data was mixed, with August’s jobs number revised upward by 131,000.The combination may give the U.S. Federal Reserve more flexibility after Chair Jerome Powell signaled recently …
Read More »The U.S. Nonfarm Payrolls Rise in September
Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …
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