Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
Traders await NFP
US Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, will be released at 15:30 MT time on October 5.
The indicator shows how many jobs were created in the United States during the last month. It’s released together with the unemployment rate and the average hourly earnings indicators. All 3 of these indicators have a great impact on the USD.
The last time, on September 7, NFP came out at 201K (readings close to 200K are considered to be strong), and wage growth accelerated to 0.4% (this is the change in average earnings index). The slight disappointment with the unemployment rate didn’t spoil the picture. Traders bought the US currency on the news, and the USD rose versus all major currencies.
• If the NFP indicator is bigger than expected, the USD will go up.
• If the NFP indicator is smaller than expected, the USD will go down.
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Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Latest news
Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
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