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.

Podcast - US jobs report sends financial markets on a rollercoaster ride

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and Trader Nick. Today they discuss Wall Street's reaction to a surprisingly robust US jobs report and why the dollar and stocks reversed course. They also review Canada's impressive jobs report and discuss crude's bad week despite the significant tightness in the oil market.

06-10-2023 14:46 GMT by Edward Moya

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USD/JPY: Hot NFP report sends dollar higher after US economy has best job growth since January

US jobs gains broadest since January; 336,000 created vs 170,000 eyed Wages unexpectedly came in cooler than expected; holding steady with a 0.2% monthly pace and on annual basis down from 4.3% to 4.2%. Dollar surges across the board with the exception to the Canadian dollar (Canada posted a robust 63,800 job gain themselves, tripling their consensus estimate).

06-10-2023 09:56 GMT by Edward Moya