The official US employment report showed that the US economy added 315,000 jobs in August, slightly above expectations of 300,000; the unemployment rate unexpectedly rose from 3.5% to 3.7%. According to Wells Fargo analysts, Today’s data, in isolation, tips the balance towards a 50 basis point interest rate hike at the Fed’s September meeting, but […]
Tag: NFP
USD/JPY pulls back from multi-decade highs after NFPs
US economy adds 315,000 jobs in August, unemployment rate rises to 3.7%. USD/JPY pulls back on dollar weakness after NFPs. The yen remains under pressure, now due to risk appetite. The USD/JPY it is falling modestly on Friday, having previously reached 140.79, the highest level since 1998. The weakness of the dollar in general weighed […]
Dollar Index Finds New Offers Following Mixed NFP Report
The US dollar is under pressure and scrutiny following the mixed US NFP report. The bears are looking at the weekly chart for clues as to where the dollar might be correcting. The U.S. dollar, measured against a basket of major currencies in the DXY index, faltered after the release of the US Department of […]
USD/CAD approaches 1.3100, downside potential seems limited
USD/CAD pulls back further from a multi-week high and is under pressure from a combination of factors. The rally in crude prices underpins the loonie and sparks some selling amid a weaker dollar. USD intraday selling accelerates after the release of monthly US employment data, which delivered mixed results. Aggressive Fed expectations and recession fears […]
GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable
GBP/USD extends its range-bound price action on the release of monthly US employment data. The dollar fell in reaction to an unexpected rise in the US unemployment rate and softer wage growth. Markets continue to expect a 75 basis point Fed rate hike in September, limiting the USD’s decline. The gloomy outlook for the UK […]
Gold Price Forecast: XAU/USD surges to 2-day highs above $1710 after employment report
US employment report for August is not far from expectations. The dollar loses strength due to a decline in Treasury bond yields. Gold adds further gains after the data, and extends rebound from critical support. Gold rose as high as $1,715 on US jobs data, hitting a two-day high. It then pulled back and is […]
AUD/USD hits fresh daily high after NFP, but loses continuity beyond 0.6850
AUD/USD adds to intraday recovery gains and refreshes daily high in reaction to US mixed employment report. The US economy added 312,000 jobs in August and the unemployment rate unexpectedly rose to 3.7%. Aggressive expectations from the Fed should help limit any significant decline in the USD and cap gains for the pair. The pair […]
USD/MXN falls below 20.00 to a three-day low after US jobs report.
The dollar falls after US employment data. Mixed figures on the evolution of the labor market in August. USD/MXN plummets after data towards 20.00. The USD/MXN fell sharply from 20.13 to 20.01, after the release of the US employment report for August, which pushed the greenback down in the market. The pair hit three-day lows […]
EUR/USD extends gains above parity level after US NFP.
EUR/USD remains above the parity level on Friday. US nonfarm payrolls increased by 315,000 jobs in August. The unemployment rate rose to 3.7%. The EUR/USD keeps the daily supply bias unchanged and manages to retest the 1.0030 region after the release of August non-farm payrolls. EUR/USD looks well supported near 0.9900 EUR/USD remains positive on […]
US: Non-farm payrolls rise by 315,000 in August, surpassing the 300,000 expected
Non-farm payrolls rise by 315,000 in August, against 300,000 expected. Unemployment rate unexpectedly rises from 3.5% to 3.7%. The dollar falls after the employment data. The official employment report of the United States showed mixed data, with a rise in jobs in line with expectations and an unexpected increase in the unemployment rate. Revenue rose […]