Fed Rate Cut Calls, Would NFP Tilt The Odds?
The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the historical average of 52.88. On July, the Bank of Canada (BoC) announced a 25-basis-point cut in its benchmark interest rate, reducing it to 4.5%. This was the second consecutive rate cut, following a similar move in June. The latest ADP Nonfarm Employment Change for..
Rate Cut Hopes on the Line: NFP Set to Steal the Spotlight!
The US ISM Manufacturing PMI came in at 48.7 for May, below the forecast of 49.8 and the previous reading of 49.2. The main reasons for this stagnant reading are ongoing weak demand, which affects supplier orders, inventories, capital investments, and employment. In May, ADP Nonfarm Employment Change have increased 152,000 jobs, which was below the forecast of 173,000 and down from the previous month's 188,000. The US ISM Non-Manufacturing PMI for May exceeded expectations, registering 53.8...
NFP Shocks Market, Triggers Dollar Surge
Last Friday's U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month's figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, prompting a more hawkish approach from the Fed regarding monetary policy.
Yen Drop on Japan FX Officials Comment
The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance.
Will an NFP Exceeding Expectations Prop up US Economy?
At the turn of October and November, the forex market again sees great ups and downs as US released 2 major economic indicators, the latest Federal Reserve interest rate and the October non-farm payrolls. Besides the market fluctuation, investors also need to pay attention to what these two indicators say about the US economy and its future trend.
WikiFX Tested Forex Brokers Against NFP Release in September
On September 6th, US Bureau of Labor Statistics released Nonfarm Payrolls (NFP) for August, 2019. Actual NFP reached 130,000, less than the forecast 160,000, while the previous was revised down from 164,000 to 159,000. Federal Reserve Chair Jerome H. Powell observed in his recent talk that the US economy faces notable risks, and the actual NFP, as well as other indicators pointing to a down-slope economy, seemed to support his conclusion. Besides message from Powell, economists also predict the Federal Reserve is likely to cut interest rates in September.
EUR/USD: Expect US NFP Jobs Data to Spark Forex Volatility
Spot EURUSD forex traders might expect elevated periods of volatility around monthly US nonfarm payrolls data.
US Dollar Price Outlook: DXY Breakout vs Fed Rate-Cut – Trade Levels
The US Dollar is approaching resistance at the yearly highs with major event risk on tap. Here are the levels that matter on the DXY weekly chart into the close of July.
US Dollar Steadies as Fed Rate Cut Odds Stabilize - Calendar Driving Prices
The US Dollar (via the DXY Index) has not seen significant follow through after breaking key technical levels last week. That simply may just be a function of the calendar.
USD Drops on Weak NFP Report, Fed Rate Cut Bets Rising
USD Drops on Weak NFP Report, Fed Rate Cut Bets Rising
Gold Price Breakout Eyes Critical Trendline Resistance Ahead of NFP
Gold Price Breakout Eyes Critical Trendline Resistance Ahead of NFP
US Dollar (USD) Price Weakness Continues as Global Growth Prospects Sour
The US dollar basket (DXY) continues to fall and nears an important support level. With US payroll data (NFPs) released on Friday, will this technical level be respected？
US Dollar Weekly Forecast: After May Fed Meeting & April NFP, Fed Speakers & April Inflation Due Up
A slew of Fed policymakers will hit the lecture circuit this week, while the only ‘high’ rated data release is the April US inflation report due on Friday.
EURUSD Soft Despite Rising Inflation, USD Shrugs Off Mixed NFP - US Market Open
EURUSD Soft Despite Rising Inflation, USD Shrugs Off Mixed NFP - US Market Open
Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report
Gold Rate Outlook: Retesting 2019 Lows, Eyes on NFP Report
NOK, SEK Fell on PMI - Krona, Krone Eye US NFP, Unemployment Rate
The Swedish Krona and Norwegian Krone suffered after PMI disappointed. NOK and SEK now eye upcoming US NFPs and unemployment rate data.
Canadian Dollar Price Outlook: USD/CAD at Weekly High as Loonie Dives
Loonie is virtually unchanged this week with price holding the weekly opening-range heading into NFPs tomorrow. Here are the levels that matter on the USD/CAD charts.
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