Non-farm payrollsPrior +216K (revised to +333K)Two-month net revision -K vs -71K priorUnemployment rate 3.7% vs 3.8% expectedPrior unemployment rate 3.7%Participation rate 62.5% vs 62.5% priorU6 underemployment rate 7.2% vs 7.1% priorAverage hourly earnings +0.6% m/m...
Locked and loaded for the first non-farm payrolls report of 2024
Happy Friday, particularly if you're a shareholder of Amazon or Meta.The market is in a good mood on account of those earnings with S&P 500 futures up 33 points. Up next is the January non-farm payrolls report and that could upend everything once again.There has...
EURUSD Technical Analysis – Key levels in play ahead of the NFP report
USDThe Fed left interest rates unchanged as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.Fed Chair Powell stressed that they want to see more evidence of inflation falling back to target and that a...
BOE’s Pill: Time when rate cuts will be possible is some way off for me
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOE’s Pill: The time when rate cuts will be possible is some way off for me
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ForexLive European FX news wrap: Markets wait on the US jobs report
Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.7%US 10-year yields up 1.7 bps to 3.879%Gold flat at $2,055.44WTI crude up 0.1% to $73.92Bitcoin up 0.2% to $43,191It was a quiet session and unsurprisingly so I would...
It’s a slow walk so far until we get to the non-farm payrolls release
The snapshot now is not that much changed from the start of the session, as traders lack any real appetite in European morning trade. That isn't surprising as we are awaiting the main event later today. It is all about the US jobs report with no other distractions so...
US Oil: Improved Growth Prospects vs. Geopolitical Tensions
Key Highlights· Since the start of the year, crude oil has seen a 6.50% increase, with a 0.80% gain observed in the past week.· US oil prices have witnessed a significant rally during January, reaching their highest levels in nearly two months, driven by robust...
Dollar nudges a little lower with eyes on the US jobs report
A slight rebound in Treasury yields, at least for now, is helping to keep USD/JPY up a little by 0.2% to 146.67. However, the dollar is looking sluggish elsewhere and trading near the lows for the day in European trading. EUR/USD is up 0.2% to 1.0893 after a bounce...
EUR/USD: Navigating Through the Impact of Fed and ECB Decisions
Key HighlightsDollar Gains: Significant monthly increase, influenced by strong U.S. data and Fed rate cut speculations.Eurozone's Economic Stance: Stagnant growth in Q4 and ECB's tight monetary policy amid rate cut expectations.Technical Analysis Insights: Bearish...
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The S&P500 Renews Its All-Time-Highs. Investors Turn to Upcoming US Data
Investors take advantage of the lower purchasing price amongst technology company stocks. The NASDAQ recovers and trades closer to previous highs. Apple, Amazon, and Meta earnings beat Wall Street’s expectations. Apple falls 2.92%, Amazon rises 7.11% and Meta trades...
China growth to gradually slow further in the next few years – IMF
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK public inflation expectations rose higher to start the new year
The survey shows that public expectations for inflation in the next 12 months rose to 3.9% in January. That is up from 3.5% in the December survey, pretty much erasing the drop in the month before. The increase is due to worries about shipping disruptions, considering...
Time for the Magnificent Seven to step up to the plate?
In the past year, shares of Meta, Amazon, Apple, Nvidia, Alphabet, Microsoft, and Tesla have collectively soared more than 96%, leaving the 22.7% growth of the S&P 500 in the dust. Such impressive performance cannot continue forever unless these companies make...
FX option expiries for 2 February 10am New York cut
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The rout in Chinese equities stays the course as last week’s rebound gets faded
The rebound last week was largely due to speculation of a supposed ¥1 trillion rescue package for the stock market. Instead, it ended up being a 50 bps RRR cut and that didn't quite live up to the hype. As mentioned then, those two things are not quite the same thing....
Dollar mostly little changed ahead of European trading
The changes among major currencies are relatively light as we look towards European trading today. The aussie is a slight mover, building on the stark rebound yesterday in US trading. Of note, AUD/USD bounced off its December low and 100-day moving average at...
Non-farm payrolls in the spotlight but there are other things brewing in markets
It is NFP Friday in markets and that tends to steal the focus more often than not. While the spotlight is shining on the jobs data, it may well take a backseat in the aftermath before the weekend comes along. That is because the enigma in markets this week is the...
ForexLive Asia-Pacific FX news wrap: AUD and NZD follow on higher
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...