Forex Today: US Nonfarm Payrolls exceeded forecasts, but the US Dollar continues to face challenges
Here’s what you need to know on Thursday, February 12th. The US reported a surprisingly strong non-farm payrolls figure for January, adding 130,000 jobs. This marks a positive beginning to the year, with the unemployment rate dropping to 4.3% and average hourly wages remaining stable at 3.7% year-over-year. Despite this encouraging jobs report, the dollar […]
EUR/USD pulls back from peaks as the US Nonfarm Payrolls report approaches.
As of Wednesday, the euro (EUR) is trading around 1.1900, having bounced back from earlier lows against the US dollar (USD) while encountering resistance at February peaks near 1.1925. Still, it sits about 1.1% higher than last week’s lows, amid fresh worries about the economic outlook following some disappointing US data. Everyone is now looking […]
Asia FX Discussion – USD remains strong before nonfarm payrolls
Market Overview The US dollar (DXY) has started the year on a solid note, finding support near the 98.00 mark. In contrast, the EURUSD continued to decline despite positive economic signs from Germany. Specifically, German factory orders saw a month-on-month increase of 5.6% in November, marking the third month of growth and the fastest increase […]
EUR/USD stabilizes close to 1.1650 before US Nonfarm Payrolls
EUR/USD is managing to maintain its position after five days of declines, trading roughly around 1.1650 during Asian hours on Friday. Traders seem to be treading carefully ahead of the U.S. nonfarm payrolls (NFP) report, which could shed light on the labor market and influence the Federal Reserve’s policy decisions. There’s an expectation for NFP […]
Forex Today: US Nonfarm Payrolls data expected to increase market volatility
Tuesday, December 16th Market Update The U.S. dollar (USD) found some stability early Tuesday, following a slight dip against its major counterparts on Monday. The economic calendar for the U.S. includes nonfarm payrolls (NFP) data for both October and November, along with wage inflation and unemployment figures for November. Additionally, retail sales for October and […]
EUR/USD rises slightly in optimistic markets before US Nonfarm Payrolls report
The Euro is stable but faces minor weekly losses. The eurozone’s final GDP shows a growth of 0.1% in the first quarter, with the annual rate adjusted from 1.4% to 1.5%. The US dollar could experience a drop with market attention on the upcoming soft US NFP report. On Friday, the EUR/USD climbed above 1.1680, […]
July Nonfarm Payrolls data expected to maintain high volatility as the weekend approaches
Market Update – August 1st Here’s a snapshot of what’s happening today: The market is subdued as investors get ready for the July employment report, weighing in on the latest developments about the US trading landscape. In Europe, inflation data for the eurozone is on the agenda, along with the US Manufacturing PMI report set […]
Americas FX news summary: Non-farm payrolls exceed expectations
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Australian Dollar stays low as US Dollar increases before Nonfarm Payrolls.
Economic Update: Australian Dollar and Global Indicators The Australian dollar is experiencing some limitations following a decrease in the trade surplus, which came in at 2,238 million in May, significantly lower than the anticipated 5,091 million. China’s Caixin Services PMI dipped to 50.6 in June, down from 51.1 in May, and falling short of the […]
Forex Today: US Dollar finds it hard to maintain recovery before Nonfarm Payrolls
Key Updates for Thursday, July 3rd Here’s a quick rundown of what’s happening today. Early transaction measures in the financial markets are shifting as investors brace for an important employment report for June from the US. This report will highlight aspects like unemployment rates, non-farm payroll figures, and wage inflation. Additionally, the US Economic Calendar […]