Attention now turns to the high-impact Nonfarm Payrolls (NFP) data for July, slated for release on Friday at 12:30 GMT, as markets continue to assess this week’s US Federal Reserve (Fed) policy decision.
US Nonfarm Payrolls are seen rising by 175K in July after June’s 206K increase. The Bureau of Labor Statistics will publish the high-impact United States jobs report on Friday at 12:30 GMT. The employment data could exacerbate the US Dollar’s pain after the Fed’s dovish hold on Wednesday. Attention now turns to the high-impact Nonfarm Payrolls data for July, slated for release on Friday at 12:30 GMT, as markets continue to assess this week’s US Federal Reserve policy decision.
0650 psychological barrier. On the flip side, buyers need to find acceptance above the 21-day SMA at 1.0856 for an extended recovery toward the 1.0900 round figure. Further up, the July high of 1.0948 could be challenged,” Dhwani adds. Economic Indicator Nonfarm Payrolls The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics .
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