The US gained 163K Non-Farm Payrolls in July and the unemployment rate stands on 8.3%. Early expectations stood on a gain of around 100K jobs and an unemployment rate of 8.2%. USD/JPY leaps on the positive surprise. EUR/USD is choppy and but eventually slides. Update: USD/JPY continues the rally, and is already 50 pips higher. This is a lot for this slow moving pair. Private payrolls rose by 172K, much better than expected, and quite close to the ADP figure of +163K for the private sector. Also the “real unemployment rate is on the rise: from 14.9% to 15%. U-6 includes also the people described as “marginally attached to the labor force”. Adam Button notes that the rise in the unemployment rate is much smaller than it seems: from 8.217% to 8.254% this month. The participation rate is at 63.7% and the employment to population ratio is 58.4%. In recent months, gains in jobs were subdued. The initial report for last month stood on a gain of 80K. This was now revised to the downside, to +64K. On the other hand, May’s figure was now revised to the upside, from 77K to 87K. — Updates coming — Ben Bernanke and his colleagues at the FOMC did not alter policy whatsoever in this week’s meeting. Some still see a chance of QE3 in September, others in December. Today’s figure will certainly impact the upcoming decision in September. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US Services Sector Continues Growing, But Employment Contracts Yohay Elam 10 years The US gained 163K Non-Farm Payrolls in July and the unemployment rate stands on 8.3%. Early expectations stood on a gain of around 100K jobs and an unemployment rate of 8.2%. USD/JPY leaps on the positive surprise. EUR/USD is choppy and but eventually slides. Update: USD/JPY continues the rally, and is already 50 pips higher. This is a lot for this slow moving pair. Private payrolls rose by 172K, much better than expected, and quite close to the ADP figure of +163K for the private sector. Also the "real unemployment rate is on the rise: from 14.9% to 15%. U-6… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.