Did Old Man Winter scare away hiring in March? New employment data revealed that the U.S. added significantly fewer jobs in March than most economists expected, though a drop in the total number of unemployed did lead to a decline in the top-line unemployment rate. more...
Gold prices are rebounding, as the US Dollar declines on NFP data. Expectations for today’s NFP (Non-Farm Payrolls) event were set at 200k, and released better than expected at 235k. Also, January’s high was revised upwards from 227k to 238k. Technically, gold prices have found support after declining to a 76.4% Fibonacci retracement level found near $1,200.00. This line has been calculated by measuring the distance between the January ...
Reinforcing expectations of an interest rate hike by the Federal Reserve next week, the Labor Department released a report on Friday showing stronger than expected job growth in the month of February. The Labor Department said non-farm payroll employment jumped by 235,000 jobs. more...
Reinforcing expectations of an interest rate hike by the Federal Reserve next week, the Labor Department released a report on Friday showing stronger than expected job growth in the month of February. more...
Trading the News: U.S. Non-Farm Payrolls (NFP) A 180K rise in U.S. Non-Farm Payrolls (NFP) may fuel the bullish sentiment surrounding the greenback and trigger a pullback in EUR/USD should the report put increased pressure on the Federal Reserve to further normalize monetary policy. What’s Expected: Why Is This Event Important: With the Federal Open Market Committee (FOMC) widely anticipated ...
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