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According to data from the U.S. Ministry of Labor, Non-Farm Payrolls in September increased 156 thousand, and the unemployment rate rose to 5 percent. The general expectation was the non-farm payrolls can increase about 172 thousand and the unemployment rate can stay at 4,9% level which is lower than the psychological 5% level. Average hourly earnings in September increased 0.2% which is below expectations. Expectations were in direction of about 0.3% increase. Employment data for the previous month was revised to 167 thousand from 151 thousand. Labor force participation rate increased from 62.8% to 62.9%. The developments of labor market is supporting salary rise and consumption expenses, also Fed is expected to encourage policymakers to increase interest until the end of the year. On the other hand, it will be the latest employment data before the critical FED meeting about interest decision in November.

What is the effect of Non-Farm Payrolls Data on USD in the short time ?

The general expectation is staying as a bit negative on the USD market. After announcing this important data, USD has lost value a bit and  stocks and bonds market are continuing their fluctuating trend. The announced payroll data about 156,000 has provided to protect the expectations about interest increase from FED. The four day rising period has finished after announcing this data, so USD has lost value against some important currencies from different countries all over the world.  Short term bonds showed better performance compared to long term bonds while stocks are going as horizontal trend. According to the many traders , the US economy will be enduring for the interest increase, furthermore expectations from the Fed will have raised about interest increase until December.

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