Category: NFP
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Chart Art: EUR/USD Is at a Range Support Ahead of the U.S. NFP Release!
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Looking for trade setups during the US Nonfarm Payrolls report? We have arrived! In case you missed this news, the EUR/USD pair looks like it is poised near a technical support level ahead of Uncle Sam’s employment updates. EUR/USD for 4 hours Chart by TradingView The euro is not having…
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AUDUSD Technical Analysis – Some consolidation ahead of the NFP report
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Basic overview The US dollar got a little support this week as Fed Chair Powell reiterated that 50 basis points easing by the end of the year remains the base case. As a result, the probability that the Fed will cut interest rates by 50 basis points in November fell…
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Newsquawk Week Ahead: US NFP, ISMs, EZ CPI, Japan Tankan & OPEC+ JMMC
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Monday: China NBS and Composite PMI (September), Caixin PMIs (September), Japanese Retail Sales (August), German Retail Sales (June), UK GDP (Q2), Swiss KOF (September), German CPI (September), UK Mortgage/Lending Approvals (August), US Dallas Fed (September), New Zealand NZIER (Q3); Canada vacation. Tuesday: Riksbank Minutes, Final EU/UK/US Manufacturing PMI (September), EZ…
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Two to watch – Fed Chair Powell speech and NFP are bookend focal points this coming week
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There will be previews for next week soon, but the two big events for next week are: Federal Reserve Chairman Powell discusses the US economic outlook at the National Association for Business Economics conference on Monday. This will be at 1300 EST on Monday, September 30 (1700 GMT). On Friday,…
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USDCAD Technical Analysis – A better than feared NFP boosted the USD
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Basic Overview The US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the previous month. This helped the US dollar erase…
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USDJPY Technical Analysis – The NFP report keeps the market guessing
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Basic Overview The USD/JPY pair eventually fell to its lowest level in August after a series of weak US data pushed Treasury yields lower, giving the yen a morale boost. Friday’s nonfarm payrolls report wasn’t bad, on the contrary, the data was better than the previous month. However, the labor…
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Crude Oil Technical Analysis – Consolidation ahead of the US NFP report
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Basic Overview Last week was a tough one for crude oil as the price fell more than 6% on renewed growth concerns amid weak US data. OPEC+’s delay in increasing production from October did not spark a rally but helped slow the downward momentum. Much now depends on today’s US…
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Gold Technical Analysis – All eyes on the US NFP
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Basic Overview Gold has been steadily rising this week since bouncing off the recent range low. Weak US job openings data on Wednesday gave it the support it needed to push towards key resistance at 2530. The move was driven by lower real yields, as weaker US data has pushed…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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What are the distribution of forecasts for the US NFP?
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Why is it important? In the Asian session, Eamonn published the range of estimates for today’s US non-farm payrolls report. These ranges are important in terms of market reaction because when actual data deviates from expectations, it creates a surprise effect. Another important input into market reaction is the spread…
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Aon reports solid Q2 growth, details NFP integration By Investing.com
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Aon plc (NYSE:), a leading global professional services firm, reported a robust second quarter in 2024, with total organic revenue growth of 6% and significant contributions from its recent acquisition of NFP. The company is successfully executing its 3×3 plan, focusing on Risk Capital and Human Capital solutions, and is…
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Newsquawk Week Ahead: Highlights include FOMC, BoJ, NFP, BoE, ISM Mfg. PMI and OPEC+ JMMC
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Mon: Chinese Industrial Profit (Jun) Tue: Japanese Unemployment Rate (Jun), Australian Building Approvals (Jun), Spanish Flash CPI (Jul), Swiss KoF (Jul), German GDP (Q2), Prelim. CPI (Jul), EZ Consumer Confidence Final (Jul), US JOLTS (Jun) Wed: FOMC Announcement, BoJ Announcement and Outlook Report, BCB Announcement; Chinese NBS PMI (Jul), Australian…
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Gold Technical Analysis – The NFP report increased the bullish sentiment
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Basic Overview Last Friday, gold prices rose after the release of the US non-farm payrolls report. The data showed a further slowdown in the labor market with the unemployment rate rising and wage growth declining. This led to lower real yields and accelerated the rise in gold. This has been…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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ForexLive Asia-Pacific FX news wrap: Awaiting the UK election, NFP to follow on Friday
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Newsquawk Week Ahead: French & UK elections, US ISM & NFP, EZ CPI, FOMC Minutes
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Sun: French Parliamentary Election Mon: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June) Tue: RBA Minutes (June), Australian & Canadian Manufacturing PMI Final (June), EZ Flash CPI (June), Unemployment Rate (May), US JOLTS…
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MUFG: EUR/USD outlook amid French elections and June NFP print
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Euro to US Dollar Monthly MUFG discusses the potential impact of the French elections and June’s non-farm payrolls report on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further moves. the main points: the current situation: Stability: The EUR/USD…
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Crude Oil Technical Analysis – Strong comeback supported by the US NFP report
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Basic overview Despite OPEC+’s recent extension of voluntary production cuts, crude oil was sold off as the price broke support in the May range. However, the decline may only be technical as it gained bearish momentum on the breakout. The price eventually bottomed around the $73 area and erased all…