S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
07.08 – US Non-Farming Payrolls Data (July)
- Averge Hourly Earnings (Mon): 0,1% (Expected: 0,1%; Previously: 0,3$)
- Average Hourly Earnings (YoY): 3,2% (Expected: 3,5%; Previously: 3,4%)
- Non-farm Payrolls: -23k (Expected: 85k; Previous: 20k)
- Participation rate: 61,4% (Previously: 61,5%)
- Unemployment Rate: 4,1% (Expected: 4,2%; Previously: 4,2%)
Despite the lower unemployment rate, the latest labor market data paint a bleak picture.
Average hourly earnings have fallen sharply, and the National Labor Force (NFP) itself has contracted sharply. The only reason for the decline in the unemployment rate in these circumstances is the falling labor force participation rate. The market is reflecting these macroeconomic sentiments and is strongly discounting the dollar following the data release.
EURUSD (M1)
Souce: xStation5
