Share: US Nonfarm Payrolls are expected to increase by 170K in August, slowing from the 187K reported in July. The headline NFP and Average Hourly Earnings could impact the Fed’s future policy. The Unemployment Rate in the United States is seen steady at 3.5% in August. Traders scale back the odds of a
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 on track for second week of gains The FTSE 100, which slid back to its breached July-to-August downtrend line on Thursday, is bouncing off it ahead of US Non-Farm Payrolls on Friday. The UK blue chip
The markets were quiet on the last day of August, awaiting the key jobs report today. Treasuries and the US Dollar were firmer, but off their best levels, while Wall Street closed mixed. Ongoing expectations that the FOMC can pause, or is done with rate hikes continued to support along with the lingering impact from
US: The Fed hiked by 25 bps as expected and kept everything unchanged. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. Inflation expectations and CPI readings continue to show disinflation with the last two Core CPI M/M figures coming in at 0.16%. The US PMIs missed expectations across
Bitcoin (BTC), Ethereum (ETH) Prices, Charts, and Analysis: A decision on spot Bitcoin ETFs is pushed back to mid-October by the SEC. Bitcoin gives back all of this week’s bullish run-up. Bitcoin gave back nearly all of Tuesday’s rally on Thursday after the Securities and Exchange Commission (SEC) delayed making any decision on a raft
Investing.com – The U.S. dollar edged lower in early European trade Friday, on course to end a six-week winning streak ahead of the release of the highly-anticipated monthly U.S. jobs report. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.544,
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Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) Analysis Pound Sterling Takes a Back Seat as US, EU Data Takes the Wheel Markets continue to exhibit enhanced sensitivity to news flow this week. Earlier US jobs data (JOLTs, ADP) sent the US dollar lower over the last 3 trading days and today’s EU inflation data has seen a
It’s a quiet start to the day so far with major currencies mostly little changed ahead of European trading. All eyes are on the US non-farm payrolls so that is likely to make for a bit more of a lull in the session to come. China is once again stealing the headlines in Asia as
US Dollar (DXY) Price, Chart, and Analysis US inflation in line with market forecasts. Friday’s US NFPs will give a clearer picture of the US labor market. The latest US inflation data met expectations and caused barely a ripple in the market with both the y/y and m/m data inline. The US dollar moved a
