Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

EUR/USD Update - Euro Vulnerable on Rate Cut Bets and Safe Haven Flows

The Euro's appeal has diminished due to expectations of ECB rate cuts, fueled by softer economic data and dovish policymaker comments. The US Dollar is gaining strength amid Middle East tensions, potentially attracting safe-haven flows. EUR/USD has formed a double top pattern at 1.1200 and is facing immediate support at 1.1000. Most Read: Nasdaq 100 Technical: Failure bullish breakout with rising geopolitical risk The Euro has lost some of its appeal over the past two weeks as softer data has i

02-10-2024 09:23 GMT by Zain Vawda

S&P 500, Nasdaq 100 - Wall Street Slides at the Open as Powell Hints at Modest Rate Cuts

Wall Street indexes fell as Fed Chair Powell's comments suggested a less aggressive rate cut in November than anticipated. US PMI data indicated a sharp decline in manufacturing new orders, job shedding, and rising output price inflation. Triangle breakout pattern still in play from a technical standpoint. Retest and continuation?

01-10-2024 11:17 GMT by Zain Vawda