The US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls rose 339,000 in May. This reading surpassed the market expectation of 190,000 by a wide margin. April’s reading of 253,000 also got revised higher to 294,000. The Unemployment Rate climbed to 3.7% from 3.4% in the same …
Read More »Market Drivers – US Session – 01/06/2023
American crude oil fell early on Friday. After gaining the most in a month the day before, WTI crude oil loses upward momentum at $70.00 early on Friday in Asia. The price of oil both illustrates the normal pre-NFP market positioning and supports the price-depressing catalysts coming from the energy …
Read More »NFP data expectations by key bank experts
Experts from a number of key banks do expect labour market to lose momentum only slowly. On Friday, the US Bureau of Labour Statistics will release the May jobs report and as markets get closer to the release time, here are the forecasts by the economists and researchers of 10 …
Read More »Market Drivers – US Session 04/05/2023
Wall Street dropped again due to banking concerns, and US bond yields hit fresh monthly lows amid expectations of rate cuts from the Federal Reserve during the second half of the year. Although the US Dollar Index (DXY) rose modestly, boosted by the decline in EUR/USD, the Greenback lost ground …
Read More »AUD/USD under pressure post-NFP data
The monthly employment report from the United States was sufficient to resurrect worries about economic growth and the possibility of entering a recession. After a long weekend, Australia will announce Westpac Consumer Confidence.The AUD/USD pair falls for a sixth day in a row close to the 0.6600 level. After Wall …
Read More »US Nonfarm Payrolls rise by 236,000 in March
Nonfarm Payrolls increased by 236,000 in March, according to statistics released on Friday by the US Bureau of Labor Statistics (BLS). This result follows February’s print of 326,000 and came in slightly below the market consensus of 240,000. (revised from 311,000).
Read More »Friday’s NFP reading to set the scene for noteworthy scenarios
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …
Read More »Latest data push US stocks higher ahead of NFP
In tumultuous trading on Thursday, the S&P 500 and Nasdaq gained, aided in part by a surge in Alphabet shares as investors anticipated new jobs data in the wake of recent indications of a slowing economy. Alphabet Inc. increased by 3.5%, and Microsoft increased by 2.2%, both of which contributed …
Read More »EUR/USD benefits from NFP, Germany’s high inflation data
The Euro gains from a weaker dollar following the NFP and high inflation figures in Germany. The EUR/USD pair concluded the week with modest gains after reaching a two-week high at 1.0700. As the Silicon Valley Bank in the US declared bankruptcy, the market’s mood turned negative due to the …
Read More »Market Drivers – US Session 03/03/2023
The US dollar declined on Friday and dropped for the week. The Dollar Index remained in negative territory as a result of encouraging news from China and falling US yields. American stocks experienced weekly gains following February’s significant losses. After good performance in February, the dollar experienced its first weekly …
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