The EUR/USD has lost more than 40 pips in the immediate aftermath of news that the US created many more jobs than expected in February. The pair fell from the 1.1935 zone below 1.1900 to mark new 3+ month lows at 1.1893, although now it is recovering some ground. Non-Farm Payrolls for the United States […]
Tag: NFP
Nonfarm payrolls rise 379,000 in February, far exceeding expectations
The official employment report for February showed an increase in the Nonfarm payrolls of 379,000, widely beating the market consensus of 182,000. In addition, the January figures were revised up from +49,000 to +166,000. This gave more strength to the dollar that resumed the rally throughout the market. Job creation of February was the highest […]
XAU / USD recovers near the $ 1,700 level but lacks continuation
Risk-off sentiment helps gold regain ground initially lost to nearly nine-month lows. A rally in US bond yields continues to benefit the USD and could limit gains. Investors await the release of the monthly US employment report for further directional momentum. The gold has recovered from an initial drop to new nine-month lows, near $ […]
US dollar DXY index hits 2021 highs and approaches 92.00 level before NFP
The DXY Index extends the rally above 91.70 on new yearly highs. Yields maintain their upward movement relentlessly and are targeting 1.60%. The US NFP Non-Farm Payroll Report stands out on today’s economic calendar. The US dollar DXY index, which measures the strength of the dollar against a basket of major currencies, extends momentum to […]
Powell’s coup boosts the dollar and brings gold down, all eyes on the NFP
This is what you need to know to trade today Friday, March 5: Markets remain depressed after Jerome Powell largely ignored rising bond yields, driving them and the dollar higher. US Nonfarm Payrolls are in focus and stimulus continues to advance in the Senate. Oil is driven by OPEC + while Bitcoin extends its retreat. […]
US Dollar Index Challenges Daily Lows Near 91.20
DXY corrects lower from the new 2021 highs around 91.60. US nonfarm payrolls reached 49,000 in January. The unemployment rate in the United States surprised to the upside with 6.3%. After hitting new yearly highs around 91.60, the US dollar index (DXY) lost some bullish momentum and is now testing daily lows in the 91.20 […]
XAU / USD holding modest gains near $ 1,800 after NFP figures
A modest USD pullback helped gold regain some positive traction on Friday. Mixed US employment data failed to impress USD bulls or provide any boost to the metal. By raising US bond yields, market optimism could limit any significant gains. The oro it kept its modest daily earnings at around $ 1,800 and had a […]
Non-farm payrolls increase by 49,000 in January, below expectations
The US employment report It was not in line with what had been the labor market indicators in other reports and showed figures that were mostly below expectations, which generated a decline in dollar. Nonfarm payrolls increased 49,000, down from the market consensus 50,000. In any case, a positive surprise was expected due to what […]
EUR / USD finds support at 1.1950 region ahead of NFP
The EUR / USD decline appears supported around the 1.1950 region. A downward correction of the USD offers support to the pair. NFP non-farm payrolls will focus investors’ attention at the start of the US session. The downtrend in the pair EUR / USD seems to have found decent support at the 1.1950 region so […]
USD / CAD falls to new daily lows below 1.2800 level
USD / CAD sees some selling on Friday, pressured by a combination of factors. Bullish oil prices support the CAD and put pressure on the pair amid a modest decline in the USD. The drop appears limited, as investors’ attention remains on the monthly job reports for the United States and Canada. The pair USD […]
