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US dollar analysis: NFP cements peak Fed rates narrative

Today’s publication of US jobs report has further cemented expectations that the Fed has reach peaked interest rates. Bond yields and the dollar have sold off as a result, with indices and gold moving higher.

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Dollar analysis: NFP puts EUR/USD and AUD/USD in focus - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report we will discuss the dollar’s outlook and how the upcoming data releases could impact the direction of major pairs like the EUR/USD and AUD/USD.

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NFP Preview: EUR/USD Surges to Test 50-day EMA Ahead of Jobs Report

A weaker-than-expected NFP report could accelerate the selling in the US dollar (buying in EUR/USD) for a move up toward the top of the flag pattern above 1.0700.

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November 2, 2023 09:48 AM

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Dollar analysis: Has Dollar Index Peaked? - Forex Friday

It is all about the nonfarm payrolls report and the dollar today. The NFP data will be responsible for the short-term direction of the US dollar and bond yields, before the focus turns to the FOMC meeting minutes and inflation data next week.

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October 6, 2023 07:00 AM
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NFP Preview: EUR/USD Bearish Trend Intact Below 1.0530

EUR/USD remains in a bearish channel with resistance at 1.0530 ahead of NFP

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October 5, 2023 11:54 AM

NFP Preview: EUR/USD Slips as Traders Eye Slowest Job Growth in 2.5 Years

EUR/USD is trading between resistance near 1.0925 and support around 1.0840 ahead of the key US jobs report...

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August 31, 2023 10:18 AM

PCE inflation, NFP and ISM manufacturing in focus: The Week Ahead – 25/08/2023

It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.

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August 26, 2023 07:13 PM
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USD/CAD outlook: Jobs and inflation in focus

The USD/CAD outlook is going to be influenced by jobs reports from both the US and Canada due out later today.

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August 4, 2023 07:34 AM

Dollar analysis: Gold and EUR/USD outlook in focus - Nonfarm Payrolls Preview

All eyes will turn to the US jobs report on Friday, as the market refocuses on Fed policy after the Fitch downgrade of US credit rating caused a risk off response in the markets, which sent the dollar and long-dated bond yields surging higher. The US dollar, gold and EUR/USD outlook could be impacted if we see a jobs report that deviates significantly from expectations.


AUD/USD outlook hurt by strong US data, risk off sentiment - NFP Preview

The AUD/USD outlook has been dealt a double or even triple whammy, as risk appetite turned sharply negative, US data improved further and concerns over China lingered. Will we now see another strong US non-farm payrolls report and further dollar strength? It looks that way, as we will explain in this NFP preview article.

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The Week Ahead: RBA meeting, ISM surveys and Nonfarm payroll in focus

The RBA meet on Tuesday in what could be Governor Lowe’s final meeting, so will he go out with a 25bp bang of fade away with a pause? Employment data for the US includes Nonfarm payrolls, ADP and claims data, and traders also have ISM manufacturing and services reports to look forward to.

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June 30, 2023 12:00 AM
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Nasdaq 100 analysis: Goldilocks NFP takes NDX to 14-month highs

The Nasdaq 100 is at 14-month highs after the headline NFP reading beat expectations for the 15th straight month, coming in at 339K vs. just 193K eyed

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June 2, 2023 01:29 PM

US dollar analysis: Will a strong NFP report force the Fed to hike?

The next major hurdle for the US dollar and the economy will be Friday’s NFP reading, which is expected to show nearly 200K net new jobs and wages to rise at 0.3% m/m

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June 1, 2023 10:30 AM

US dollar analysis: When will NFP be bad enough for the Fed to cut?

Instead of looking for an NFP reading that’s “good enough to keep the Fed raising interest rates,” US dollar traders will shifting their focus to watching out for data that is “bad enough to prompt rate cuts.”

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May 4, 2023 10:45 AM

US dollar analysis: Will NFP help the USD rise from the dead?

The US dollar is testing longer-term support and could see a bounce on a decent NFP reading

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April 6, 2023 10:32 AM

NFP preview: Have dollar bulls gotten ahead of themselves?

Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!

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March 9, 2023 09:16 AM
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US NFP and potential BoJ successor news send yen reeling

Over the course of the last 2 trading days, USD/JPY has moved from a low of 128.33 to a high of 132.90, a move of 457 pips.

February 6, 2023 03:57 PM

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NFP blows away estimates. But will it be revised?

The headline print was 517,000 vs an expectations of only 185,000

February 3, 2023 10:55 AM
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US open: Stocks plunge after NFP report smashes expectations

US stocks tumble after US NFP saw 517k jobs added & unemployment fall and after a disappointing round of numbers from tech bellwethers Amazon, Apple & Alphabet.

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February 3, 2023 08:20 AM

Gold down but not out as traders eye NFP

All the attention is going to be on the US jobs report.

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February 3, 2023 06:36 AM

European Open: FTSE bulls eye new highs, NFP on tap

We wrap off the week with today’s NFP report at 13:30 GMT, but first we’ll see if bulls can retain control of the FTSE 100 following yesterday’s breakout.

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February 2, 2023 11:45 PM

NFP preview: Imbalanced labor market to remain a thorn in the Fed’s side?

Will this finally be the reading that shows signals the tight labor market is easing?

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February 2, 2023 09:47 AM
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Big miss for ADP Employment Change; weather cited

Will the weather effect from today’s ADP Employment Change have the same effect on January’s NFP report?

February 1, 2023 11:09 AM