NFP report for April, a key macro release of the day, was published at 1:30 pm BST. While FOMC decision is already behind us, the report remains on watch as job openings drop and companies announce more planned layoffs. Actual data came in strong - NFP beat expectations by a huge margin, wage growth accelerated to 4.4% YoY while unemployment rate dropped from 3.5 to 3.4%. Overall, report can be seen as hawkish and would be supportive of continuing rate hike cycle in the United States.
US, NFP report for April.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ- Non-farm payrolls: 253k vs 180k expected (165k previously)
- Unemployment rate: 3.4% vs 3.6% expected (3.5% previously)
- Wage growth (monthly): 0.5% MoM vs 0.3% MoM expected (0.3% MoM previously)
- Wage growth (annually): 4.4% YoY vs 4.2% YoY expected (4.2% YoY previously)
Market reaction was hawkish as well - USD strengthened with EURUSD dropping below 1.10 mark in a knee-jerk move while equity indices dropped. Nevertheless, the majority of the move on USD has been erased quite quickly while US500 holds slightly below 4,100 pts. GOLD took a hit on USD strengthening and plunged below $2,030 mark.
EURUSD plunged below 1.10 mark after hawkish NFP report and tested 1.0980 support zone. Source: xStation5
Source: Bloomberg, XTB
