US Open Note – Dollar in tears after huge NFP miss; gold, euro soar

Posted on May 7, 2021 at 1:26 pm GMT

Nonfarm payrolls arrive significantly lower; Fed in focus The US jobs report was the highlight of the day, but the numbers did not come in as investors wished, with US nonfarm payrolls hugely missing the forecast of 978k to clock in at 266k and the unemployment rate disappointingly edging up to 6.1% versus 5.8% expected. March’s employment growth was also notably revised down, raising some doubts about how the hiring process is developing under the reopening phase and a booming [..]

April Nonfarm payrolls to glide higher, but dollar has other matters to care – Forex News Preview

Posted on May 5, 2021 at 1:46 pm GMT

US Nonfarm payrolls will probably put on another spectacular show this Friday at 12:30 GMT, mirroring a blossoming economic recovery as the ultra-easy monetary and fiscal policies combined with the rapidly growing vaccination rollout are brightening up the landscape out of the health crisis. This euphoria, however, is already well priced in, and the jobs data alone may not be a source of volatility for the dollar this week as the next question that arises is when and how the Fed could begin to gradually withdraw the huge stimulus [..]

Nonfarm payrolls: An asymmetric event? – Forex News Preview

Posted on September 2, 2020 at 12:42 pm GMT

The US employment report for August will be released at 12:30 GMT Friday, and forecasts suggest the economy continued to recover jobs at a healthy clip. For markets though, this data set might present an asymmetric risk, with a negative surprise likely affecting the dollar and equities more than a positive one. In the bigger picture, this data is unlikely to change the ‘dollar-hating, stock-loving’ trend currently at play. Dollar falls from grace There is absolutely no love for the [..]

Nonfarm payrolls: Could first report of 2020 send the dollar higher? – Forex News Preview

Posted on February 5, 2020 at 11:22 am GMT

The most followed US economic release, the Non-farm payroll report, is coming out this Friday at 13:30 GMT and the data will be closely watched as this will be the first print of the new year but also of the new decade. Despite the coronavirus scare, analysts believe that the US labor market kicked off the year on the right foot. The reaction in the dollar, however, will depend on whether the numbers will be able to smoothen markets’ dovish [..]


European Open Preview – Dollar looks to US jobs data; stocks advance

Posted on April 5, 2019 at 9:08 am GMT

US dollar steadies ahead of NFP report Euro and pound post soft move after ECB minutes and Brexit updates Stocks continue to advance as trade deal is close Nonfarm payrolls in the limelight The greenback extended gains versus Japanese yen earlier on Friday, reaching a fresh three-week high around 111.80 before returning slighlty lower. All eyes will be on the US employment report for March at 1230 GMT. Predictions seem to be optimistic compared to the preceding month. Nonfarm payrolls (NFP) are [..]


Week Ahead – Nonfarm payrolls eyed ahead of FOMC; Japanese data also under the spotlight

Posted on November 25, 2016 at 3:11 pm GMT

The November nonfarm payrolls report will likely be the highlight of the coming week as it will be the last before December’s FOMC meeting. There will be plenty of other major data for the US, while Japanese indicators will also attract some attention.  The European calendar will be relatively quieter with flash inflation for the Eurozone being the more important release. Eurozone prices on an uptrend The week will start with economic sentiment indicators out of the Eurozone on Monday. [..]


European Session – Payrolls report fails to move dollar; Loonie hits 8-month low on oil, mixed data

Posted on November 4, 2016 at 4:04 pm GMT

A solid gain in US jobs in October was unable to lift the US dollar in today’s European session as markets remain gripped by the American presidential race as polling day draws nearer. Uncertainty over the outcome of the US election next Tuesday kept most major currencies within their recent trading range despite a relatively a busy day for economic data, the highlight of which was the non-farm payrolls report. US non-farm payrolls rose by 161k in October, slightly below [..]


Week Ahead – Central banks dominate as Fed, BoJ, BoE and RBA meet ahead of NFP report

Posted on October 27, 2016 at 1:19 pm GMT

The coming week will be dominated by central bank meetings as the US Federal Reserve, the Bank of Japan, the Bank of England and the Reserve Bank of Australia all hold their regular policy meetings. There will be no shortage of economic data either as Eurozone flash inflation and GDP figures are due along with the Markit/CIPS PMIs for the UK. But US data may grab the most attention as it will include personal consumption expenditure numbers, ISM surveys and [..]


European Session – Lower-than-expected nonfarm payrolls lead to dollar profit-taking

Posted on October 7, 2016 at 2:47 pm GMT

There was profit-taking on the dollar’s significant gains this week, after both the nonfarm payrolls number as well as the US unemployment rate came on the disappointing side of expectations. Dollar / yen, which was as high as 103.97 earlier during the Asian session dipped to as low as 102.85 in the wake of the employment data.  The dollar was struggling to hold on to the 103 mark and was last trading at 103.01 yen.  Euro / dollar also rebounded [..]


Week Ahead – US jobs to be watched by Fed; RBA expected to hold rates

Posted on September 30, 2016 at 1:11 pm GMT

The latest non-farm payrolls report out of the United States will be the main focus of the coming week. But the RBA’s October monetary policy decision and industrial production numbers out of Germany, France and the UK will also be watched. Asian markets are expected to be a little quieter with Chinese markets closed for the entire week for the National Day Golden Week holiday. BoJ Tankan survey to show mixed sentiment The week will start with the Bank of [..]

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