EUR/USD 1.18666
0.118%
Gold 4765.43
-1.695%
Oil 61.731
-5.737%
USD/JPY 154.711
-0.028%
GBP/USD 1.37058
0.170%
GBP/JPY 212.048
0.141%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 2nd - Iranian Foreign Ministry spokesman Baghae, when answering questions about negotiations with the United States on February 2nd local time, stated that details of the talks are currently in the decision-making stage, and any media speculation cannot be confirmed. The spokesman said that at this stage, because decisions are still being made, there is no official information regarding the meeting location, time, or whether either side will attend.A spokesperson for the European Commission stated that current data does not indicate that the EU is overly reliant on a single natural gas supplier.February 2nd - WHO Director-General Tedros Adhanom Ghebreyesus stated on Monday that the World Health Organization is being forced to significantly reduce its staff following announcements from the United States and Argentina that they would cease funding. Tedros described 2025 as "one of the most difficult years" for the organization. Last month, the United States formally completed its withdrawal process, costing the organization hundreds of millions of dollars annually. Simultaneously, Argentina announced its withdrawal from the WHO, expected to take effect in February 2026. Tedros warned that the sharp reduction in funding has already severely impacted countries reliant on WHO support. According to a recent WHO report, the organization will reduce its staff by approximately 25% by mid-2026. As of the end of 2024, the WHO had 9,457 staff members, the highest level in 15 years.Sources say SpaceX could announce its agreement with XAI as early as this week.Iranian Foreign Minister: Diplomacy and threats are incompatible.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


Suggestion