-
NFP: EUR/USD and AUD/USD Technicals
The first Friday of the month means the release of the all-important US non-farm payrolls report. Bloomberg consensus for the headline number now sits at 858k from 925k at the start of the week. This is essentially due to the shocking ADP report, but that isn’t a great predictor for the main NFP number. Unemployment is expected to fall to 5.7% from 5.9% in June. Fed Chair Powell has stated he wants to see strong jobs growth, but the Delta variant may hamper this going forward. A good July report will fuel Fed hawks and tapering expectations with a one million print seeing a bid to the dollar versus the euro and yen ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 6, 2021 6:52am Aug 6, 2021 6:52am
- Bakker
- Joined Jun 2011 | Status: Member | 3248 Comments
- Comment #2
- Quote
- Aug 6, 2021 6:58am Aug 6, 2021 6:58am
- Guest
- | IP XXX.XXX.183.60
- Comment #3
- Quote
- Aug 6, 2021 9:30am Aug 6, 2021 9:30am
- shafeekekp
- | Joined Jul 2020 | Status: Junior Member | 1 Comment
- Comment #4
- Quote
- Aug 6, 2021 1:14pm Aug 6, 2021 1:14pm
- mkshoaib
- Joined Jan 2012 | Status: Member | 41 Comments