Today’s NFP report was NEVER going to take much attention away from the trade war – and so it has proved with mixed readings. US rates were being priced lower amid deteriorating trade war risks, which remains the main focal point. Powell is up next, while CPI, PPI and UoM surveys all on tap next week.
The nonfarm payrolls data beat expectations, with a headline print of 228K. Most of those gains were in full-time jobs. But the unemployment rate ticked higher to 4.2% from 4.1% unexpectedly. Market’s focus is on trade war, and rightly so. They were never going to go wild on this NFP release.
Average earnings came in as expected, rising 0.3% on a month-over-month basis, but the prior month weas revised lower a tad. Year-over-year rate was weaker 3.8% vs. 4.0%. Nothing to get too excited over, but potentially good news as far as inflation is concerned.
By Fawad Razaqzada, market analyst with FOREX.com
The nonfarm payrolls data beat expectations, with a headline print of 228K. Most of those gains were in full-time jobs. But the unemployment rate ticked higher to 4.2% from 4.1% unexpectedly. Market’s focus is on trade war, and rightly so. They were never going to go wild on this NFP release.
Average earnings came in as expected, rising 0.3% on a month-over-month basis, but the prior month weas revised lower a tad. Year-over-year rate was weaker 3.8% vs. 4.0%. Nothing to get too excited over, but potentially good news as far as inflation is concerned.
By Fawad Razaqzada, market analyst with FOREX.com
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.