Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

Gold - Edging higher ahead of the US inflation report

Gold appears to have found some support again in recent days after rebounding twice around $1,900. The US jobs report was one possible risk event that could have triggered a big move in gold, one way or another, and the other is due tomorrow in the shape of the US inflation report. It seems gold bulls are feeling a little more confident, although $1,940 still poses a test having been a notable area of support in late May and the first half of June. Gold Source - OANDA on Trading View We could j

11-07-2023 10:08 GMT by Craig Erlam

Markets calm ahead of US CPI, China inflation flatlines amid weaker demand

It's been a relatively slow start to the week but there's still plenty to look forward to, most notably the US inflation data on Wednesday. Friday's jobs report did nothing to level the debate on whether to pause at the next Fed meeting in two weeks. In fact, it may have even cemented another 25 basis point hike despite the NFP number falling short of expectations and, to the relief of many, well short of the ADP release. Wage growth remains a concern and on that front, the report was hot.

10-07-2023 12:18 GMT by Craig Erlam