Friday, February 3, 2023

Wage inflation component of US jobs report to drive the market reaction

Learn how to take profit of the US employment report!
  
US December jobs report to help US Dollar find direction
Dear Trader
Nonfarm Payrolls (NFP) in the US are expected to rise by 185,000 in January following December's better-than-expected increase of 223,000. Latest S&P Global PMI surveys showed that input price pressures has strengthened, linked in part to upward wage pressures. FOMC Chairman Jerome Powell said in the post-meeting press conference on Wednesday that wage growth was still too fast. Investors are likely to pay closer attention to the Average Hourly Earnings component of the jobs report rather than the headline number. The US Dollar's recovery hopes depend on o hot wage inflation figure even if job growth remains robust at the beginning of 2023.

We have prepared a special coverage for you to get ready for any market move.

 
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Good NFP trading,

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