• Домашняя страница
• /
• Отдел новостей
• /
• US NFP in Focus

US NFP in Focus

US NFP in Focus

It is a data-heavy week for the US economy with all eyes on the latest non-farm payrolls report on Friday. The consensus expects the US economy to have created 185,000 jobs last month, while unemployment is forecast to remain unchanged at 3.9%.As far as markets are concerned, the Federal Reserve’s hiking campaign is over with the next move being a rate cut in 2024. Dovish comments by Fed Chair Powell last Friday simply reinforced these expectations with traders now pricing in a 71% probability of a 25-basis point cut by March 2024.Should overall US economic data disappoint along with the NFP report, this should bolster bets around the Fed cutting interest rates during the first quarter of 2024, weakening the dollar as a result. A stronger-than-expected jobs report may push back rate cut bets, potentially allowing the dollar to stabilise.

Gold Price Still Commanding Attention

Traditionally, gold has been viewed as a store of value or safe investment. It’s an asset people generally turn to when the stock market isn’t doing well or when they are unsure about the economy because gold manages to maintain its value. Gold has dominated headlines this week after the precious metal surged to its highest ever price — US$2,135 per ounce — for a brief period on Dec. 3, but observers will tell you they are more interested in the days ahead as opposed to the record itself.Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. Have your trading charts ready for an opportunity to trade!

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal

• Share with a Friend