News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today: https://www.dailyfx.com/free-trading-guides?ref-author=social#forecastschoices=AUD?QPID=30472&CHID=9 https://t.co/LHJi7CNFmM
  • $EURUSD https://t.co/KZyXX6p2oI
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here: https://t.co/MZtBh8pYG3 https://t.co/1zNf5dpDjU
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/z8z6BNudn5
  • #PELOSI SAYS WE ARE GOING TO PASS THE INFRASTRUCTURE BILL THIS WEEK PELOSI SAYS SHE WILL NEVER BRING TO THE HOUSE FLOOR A BILL THAT DOESN'T HAVE THE VOTES TO PASS $USD $SPX $XAUUSD
  • Short-term uncertainties to keep the pressure on equity markets. Get your weekly equities forecast from @JMcQueenFX here: https://t.co/JLMDPZKvN8 https://t.co/YbdJnwoqj1
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here: https://t.co/BdgFmkRxVw https://t.co/hqW38VawJl
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open https://t.co/BKCLJTDk9h
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here: https://t.co/n0CVWWOJDe https://t.co/0uLjsQ2gwM
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here: https://t.co/D8DXSAdpqC https://t.co/nfiFAlyYXv
US Dollar Contained After Large NFP Miss, Fed Outlook Unchanged

US Dollar Contained After Large NFP Miss, Fed Outlook Unchanged

Justin McQueen, Strategist

NFP Analysis and Talking Points

  • US Nonfarm Payrolls rose by 20k in February, missing expectations of 180k expected; Prior month revised Higher
  • US Average Hourly Earnings on the month beats consensus

US Bureau of Labor Statistics reported total nonfarm payroll (NFP) employment expanded by a soft 20k jobs in February, missing expectations of 180k. Alongside this, the headline figure for the prior month saw slight upward revision to 311k from 304k. However, the unemployment rate surprising dipped 0.2ppts to 3.8%, better than the expected 3.9%. More importantly for the Fed, wage growth yet again picked up with the yearly rate at 3.4% (Exp. 3.3%) after a monthly increase of 0.4%. As such, while the Fed continue to suggest that inflation pressures remain muted. Recent increases in wage growth are beginning to suggest otherwise. While the USD had initially dropped on the soft headline, this had been offset by the better than expected wage growth and unemployment figures. Overall, this report is relatively mixed, with the significant drop in the headline partly explaned by transitory factors (weather). Alongside this, today's report is unlikely to be a game changer for the Fed outlook given that monetary policy will be on hold for the foreseeable future, thus the market reaction had been somewhat contained. --- Written by Justin McQueen, Market AnalystTo contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

US DOLLAR PRICE CHART: 1-minute Time-Frame (Intra-day)

Market Response

Wage Growth

NFP Report Review

Please add a description for the image.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES