Forex Trade Time

Risk Warning: Trading in the foreign exchange (Forex) market carries high risks as it involves trading on margin, and this type of investment may not be suitable for all investors.

#USA adds #fewer_jobs than anticipated in #April :

 

 The #USA_economy added fewer #jobs than anticipated in April, but the overall employment picture remained relatively tight, potentially impacting when #markets expect the Federal Reserve to roll out possible interest rate reductions this year.

The Labor Department’s closely-monitored labor market report showed that nonfarm #payrolls came in at 175,000 last month, down from an upwardly revised total of 315,000 in #March. Economists had predicted a reading of 238,000.

Meanwhile, the unemployment rate was 3.9%, accelerating slightly from 3.8% in the prior month. The figure was projected to equal March’s pace. However, it marked the 27th consecutive month that the #jobless rate has been below 4%.

Growth in average hourly wages also registered 0.2% month-on-month, slowing from 0.3% in March. The number was estimated to be in line with the previous month.

Cooling labor demand has been a key goal of a rate tightening cycle by the #Fed, with policymakers hoping that the softening may alleviate upward pressure on inflation. As such, recent resilience in the #job market has partly persuaded Fed officials to shy away from interest rate reductions that were initially expected earlier this year.

On Wednesday, #Fed Chair Jerome #Powell noted that while sticky inflation has dented chances of an imminent cut, it was “unlikely” that the central bank will once again hike borrowing costs.

#USA_stock futures were pointing higher in the wake of Friday’s data, while U.S. Treasury yields fell. Yields typically move inversely to #prices.

.
#everyday_information #forex #option #Binary_Option #trading #trader #goldstocks #forextrader #fx_trade_time #fxttime #USDollar #euro #JPY #GBP #chfcurrency
#dubai #UAENews #ksasaudiarabia #Syrian #iraq #kuwait #jordan #morocco #Libya #tunisia #algerian #Egypt #qatar #lebanon
#كل_يوم_معلومه #فوركس #خيارات_ثنائيه #تداول_عملات #بورصه #ذهب #فوركس_تريد_تايم #اف_اكس_تريد_تايم #دولار #يورو
#دبي #امارات #السعوديه #سوريا #العراق #الكويت #الاردن #المغرب #ليبيا #تونس #الجزائر #مصر #قطر #لبنان
.
www.fxttime.com/trade

 

Leave a Comment

Your email address will not be published. Required fields are marked *