Live Coverage: Nonfarm Payrolls set to determine next Gold, stocks and US Dollar moves

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

NFP News

United States United States Latest News,United States United States Headlines

Nonfarm Payrolls data are set to show slower hiring in June 2024 – 190,000 vs.

272,00 in May. That would fit into a soft landing would be positive for stocks and Gold, while weighing on the US Dollar. The Unemployment Rate is set to remain at 4%. FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live. Why Nonfarm Payrolls rock financial markets The Federal Reserve has two mandates: price stability and full employment.

Some US trades are off after Thursday's Independence Day holiday. That may add to volatility. Markets are also watching politics. The second round of French parliamentary elections – in which the populsits are expected to remain out of power – and speculation about the viability of US President Joe Biden's candidacy have been encouraging markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live Coverage: Nonfarm Payrolls promise explosive action in Gold, US Dollar, StocksNonfarm Payrolls have the answer to how cool the US labor market has become, reshaping expectations for interest rates and rocking markets.
Source: FXStreetNews - 🏆 14. / 72 Read more »