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Us Nonfarm Payrolls

All articles tagged with #us nonfarm payrolls

finance2 years ago

"Asian Stocks Slip as Rate-Cut Hopes Ease Amid Inflation Concerns"

Asian stocks slipped as markets reevaluated expectations for early interest rate cuts following a surprise jump in US nonfarm payrolls, with focus shifting to a string of key inflation readings this week. Regional trading volumes were subdued by a market holiday in Japan, and a devastating earthquake in central Japan further rattled sentiment towards Japanese markets. Broader Asian indexes kept to a tight range, with China's and Hong Kong's indexes falling, while South Korea's was flat. Markets also face a test with inflation reports from several major Asian economies and the US, with expectations of a slight pick-up in US inflation and little impetus for aggressive policy loosening by the Fed.

via Investing.com|
#asian-stocks#finance#inflation-data
cryptocurrency2 years ago

"NFP Data Boosts Bitcoin's Bullish Case, According to Crypto Derivatives Expert"

Despite the lack of significant upside momentum in Bitcoin following the release of weak US nonfarm payrolls data, market sentiment remains positive, with experts citing the decline in stock market volatility indices and the likelihood of the Federal Reserve not raising interest rates as catalysts for continued gains in the cryptocurrency. The recent data, which showed a slowdown in job creation and softened wage growth, suggests a potential end to Fed tightening and a positive development for risk assets like cryptocurrencies. Additionally, reduced volatility in traditional markets, particularly bonds, is alleviating liquidity stress and encouraging risk-taking. Bitcoin is currently trading at $34,890, representing a slight decline on the day.

via CoinDesk|
#bitcoin#cryptocurrency#federal-reserve
economy2 years ago

Global Markets React to China's Surprise Boost and Eurozone Inflation Data

The release of U.S. nonfarm payrolls and a barrage of manufacturing data, along with a surprise expansion in China's factory activity, are expected to shape market sentiment. The Federal Reserve is closely monitoring the U.S. labor market for signs of cooling, while uncertainty remains about the possibility of rate hikes for the rest of the year. China's economic troubles have prompted major banks to cut interest rates, and the country's stock market has shown signs of recovery. Additionally, the euro zone's final PMI data and warnings from European Central Bank members about potential rate hikes will add to the ongoing debate over the rate outlook in Europe.

via Reuters|
#china#economy#federal-reserve
cryptocurrency2 years ago

Bitcoin's Future: Jobs Report and Price Predictions.

Analysts at Valkyrie Investments are monitoring a bearish head-and-shoulders pattern on Bitcoin's daily chart, which could signal a shift in market trend. A breakdown of the pattern could lead to a deeper decline, with a suggested target zone of $24,000. However, technical analysis patterns are subjective and may not always work as intended. The upcoming US nonfarm payrolls data could also impact Bitcoin's price, with a stronger-than-expected report potentially leading to a head-and-shoulders breakdown and a bid under the heavily shorted US dollar.

via CoinDesk|
#bitcoin#cryptocurrency#head-and-shoulders-pattern