The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.
Tag - nfp
To properly examine the likely outcome of the Labour data release and the NFP (Non-farm Payrolls), I will be correlating the USD with the value of gold. That said, gold is at a critical juncture as the US Dollar strengthens and Treasury yields rise
Here’s the scoop: Businesses employ various strategies to soften economic conditions before resorting to mass layoffs. These measures include reducing job postings, hiring less, cutting temporary help, and reducing hours worked. Average weekly hours have decreased, potentially indicating a return to normal or a slackening labor market depending on future trends.
In February, the NFP (Non-Farm Payrolls) delivered a great shock, surpassing the forecast by over 400%. The forecast for this month's NFP is currently tied at half of the actual figure from last month's...
This article is about the nature of one of the most potent fundamental indicators, Nonfarm payrolls.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
The selloff of the stock market continues, bearish rumors for gold, levels for USD ahead of NFP, a preview of the rate statement by the Reserve Bank of Australia, and our trade results of June…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.
NFP is one of the most awaited American indicators. However, it seems to be overshadowed by recent events including rising inflation and the commodity crisis.