ONLINE FOREX BROKER
Data from the US Labor Department showed on Friday that American economy added 261K new jobs in October. This is the biggest monthly increase in nonfarm payrolls (NFP) this year, although it missed the consensus forecast of 314K. NFP for September was revised to the upside from -33K to +18K. Payrolls recovered as people resumed work that was interrupted by hurricanes Harvey and Irma.
The US unemployment rate declined last month to 4.1% from 4.2% in the previous month. This is the lowest level of the indicator since 2000. However, what’s more important, average hourly earnings stagnated after rising by 0.5% in September. This may be partly explained by the return of the lower-paying industry workers. Annual wage growth slowed down from 2.9% to 2.4%. This may concern some of the Fed’s policymakers. Yet, as the average NFP gains during the past 3 months account for 162K, the Federal Reserve will still be expected to raise interest rates on December 13 for the third time this year.
The USD index fell to 94.30 on the news before recovering to 94.60. The impact of bad weather makes it harder to analyze the US labor market figures. However, most economists seem optimistic. The specialists expect that the previous trend in hiring will be restored, though at a slower pace.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
