U.S. nonfarm payroll employment rises by 211,000 jobs in April, jobless rate hits 4.4%

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March…

US NFP (Nonfarm Payroll) Employment | May 5, 2017 | Currency News

US NFP is expected to be around 194K, and considering the Fed’s rate tightening actions and the possibility for up to 2 more rate hikes this year, an above trend NFP release is definitely expected, or the market will wonder whether or not the Fed will indeed hike 2 more times. Obviously another important figure […]

US Core Retail Sales | April 14, 2017 | Forex News Trading

US Core Retail Sales is a high impact tradable release but since it is scheduled to be released with the Core CPI I’d recommend to wait for both releases before taking a trade.  With the market still recovering from the worse than expected NFP last week, this week’s Retail Sales could also suffer a bit… […]

US NFP (Nonfarm Payroll) Employment | April 7, 2017 | Currency News

US NFP is expected to be around 176K, and considering the Fed’s rate tightening actions and the possibility for up to 3 more rate hikes this year, a strong consistent job gain is what will keep the USD well supported for the long-term. 8:30am (NY Time) US NF Employment Forecast 176K Previous 235K 8:30am (NY […]

US NFP (Nonfarm Payroll) Employment | March 10 , 2017 | Currency News

US NFP is expected to be around 185K, and with recent releases showing a positive trend, a hawkish Fed, and political stability, I would expect market to be more supportive on the USD. 8:30am (NY Time) US NF Employment Forecast 185K Previous 227K 8:30am (NY Time) US Unemployment Rate Forecast 4.7% Previous 4.7% Deviation: 70K […]

US ISM Non-Manufacturing PMI | February 3, 2017 | Forex Trading

US ISM Non-Manufacturing PMI is a leading indicator and especially important during a NFP week; but since it is scheduled AFTER NFP, I would pay attention to it but stay away unless we get a strong surprise as the aftershocks from NFP should still be in full effect. 10:00am NY Time US ISM Non-Manufacturing. PMI […]

UK Manufacturing PMI | December 1, 2016 | Forex Trading

UK Manufacturing PMI is going to move the GBP today if we get our tradable deviation.  With the market focusing on NFP tomorrow, I would not expect too huge of a market move unless we get a strong surprise today… 4:30am (NY Time) UK Manufacturing PMI Forecast 54.4 Previous 54.3 DEVIATION: 2.0 (BUY GBP 56.4 […]

Weekly U.S. initial jobless claims fall to 249,000 ahead of NFP data

Filings for U.S. unemployment benefits fell last week to the second-lowest level since 1973, as employers show scant willingness to fire workers amid a tightening labor market. Jobless claims dropped by 5,000 to 249,000 in the week ended Oct. 1, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 256,000. Continuing claims declined to the lowest level since 2000…

US NFP (Nonfarm Payroll) Employment | October 7, 2016 | Currency News

US NFP is expected to be around 186K, and with 2 releases in a row beating expectations, this may make the third, thus creating a “trend” in the eyes of the Fed. If there is an employment trend, then market is more likely to expect a rate hike by the Fed sooner than later, thus […]

US Core CPI | September 16, 2016 | Currency News

US Core CPI is expected to rise to around the 0.2% and with last 2 releases of NFP beating expectations, a stronger reading today should stir up some feelings for rate hikes once again… 8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.1% DEVIATION: 0.2% (BUY USD 0.4% / SELL USD 0.0%) The […]

US NFP (Nonfarm Payroll) Employment | September 2, 2016 | Currency News

US NFP is expected to be around 186K, and with 2 releases in a row beating expectations, this may make the third, thus creating a “trend” in the eyes of the Fed. If there is an employment trend, then market is more likely to expect a rate hike by the Fed sooner than later, thus […]

US Core CPI | August 16, 2016 | Currency News

US Core CPI is expected to rise to around the 0.2% and with last 2 releases of NFP beating expectations, a stronger reading today should stir up some feelings for rate hikes once again… 8:30am (NY Time) US Core CPI m/m Forecast 0.2% Previous 0.2% DEVIATION: 0.2% (BUY USD 0.4% / SELL USD 0.0%) The […]

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