US Employment Sector Demonstrates Steady Progress

Today’s release of the April Non-Farm Payrolls (NFP) report unveiled impressive growth in the US employment sector, exceeding predictions. An increase of 253K non-farm payroll positions surpassed the anticipated 180K, indicating ongoing economic recovery and expansion.

The jobless rate also showed improvement, decreasing to 3.4% in comparison to the projected 3.6% and the prior month’s 3.5%. This decline suggests a more robust labor market as the economy continues to advance. The labor force participation rate remained consistent at 62.6%, illustrating a stable workforce within the economy. Despite a slight slowdown, the employment sector remains strong.

Month-over-month, average hourly earnings saw a 0.5% increase, more…

They bought back Dollar on weak Payrolls



During last week, trading was focused around expectations of labor market news from the USA. The officials can change earlier access to some information, so they were waiting for the strong employment data. Hesitations about it appeared along with the release of the US PMI. The index dropped below 50, reflecting lack of activity in August. Car sales as well could not bring some joy, so dollar was under pressure and EURUSD returned to the area 1.1200. For the previous four days the pair crept down to 1.1100, but could not to break it lower. Weekly unemployment claims as well supported more…

The dollar could not grow on payrolls



Employment indicators from the USA managed to help the American currency in the short term. After quite unusual growth of the pair by 70 points before the release, EURUSD affected by the good statistics from the USA has dropped by 10 points at 1.1330, but it finished the week at 1.1390 showing increase by more than 2 figures. Probably, investors lean towards selling other assets versus USD rather than EUR. Though, Friday reaction could be just reflection of market model that was dominated in the first quarter, meanwhile other assets could have the profits fixation from the expectations of the USD more…

EUR clings to 1.2500


Euro-bears almost reached the preceding lows in the pair. EURUSD dropped down to 1.2456 during the day, yet the weekly low of 1.2437 was left untouched. While the morning weakness could be accounted for by the disappointing rates of the EU Final PMIs, the pair’s recovery during the US session could hardly be explained by any fundamental factors. But let’s relate everything in due order. The Services PMI and Composite PMIs for Italy and France proved to be in the green zone, besides the Italian activity in the services sector even became more intense in comparison with the previous month, which more…

The payrolls shook 1.25 in EURUSD and pushed GBPUSD below 1.60


The single currency tested 1.2500 on Friday. This decline was caused by the perfect US employment statistics. The unemployment rate decreased from 6.1% to 5.9% and the number of jobs grew by 248K instead of the expected 210. Besides, the August statistics were revised up from 142 to 180. The average weekly hours has also slightly increased (from 34.5 to 34.6). But in the meantime, the average hourly earnings lost 1%, which in a way contradicts the classic situation with the tight employment market. It’s also no good that the participation rate has again fallen. In September it made 62.7 against more…