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 […]
Private payrolls drop by 32,000 in important September jobs update
Over the past two and a half years, there’s been an unexpected decline in private pay. This comes just as the Federal Reserve is about to decide on interest rates later this month, coinciding with potential government shutdowns that could disrupt key economic data releases. The ADP report published Wednesday indicated that U.S. business wages […]
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, […]
Private Payrolls Increase by 54,000 in August, Falling Short of Projections
In August, private sector job growth saw an increase of 54,000 positions, falling short of economists’ expectations of 75,000. This marks a considerable slowdown from July’s revised total of 106,000, indicating that businesses may be taking a more cautious approach toward hiring amid economic uncertainty, according to the Payroll Processor ADP. The latest figures suggest […]
US stock futures lack action ahead of payrolls report; Salesforce declines
Wall Street Expected to Open Flat Amid Mixed Economic Signals The main index of Wall Street is poised for a muted opening on Thursday, following a private payroll report that fell short of expectations. Salesforce experienced a notable drop in its shares as it delivered a pessimistic revenue forecast. During August, private salaries in the […]
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 […]