Reviewing the latest labout market data from the United Stateas (US), “Nonfarm payrolls fell modestly below expectations, coming in at 136k for September,” noted TD Securities analysts. Key quotes “However, the trend in job growth remains steady at 150k “” still more than enough to absorb new entrants to the labor force. That said, we expect the Fed to deliver another 25bp cut at its October meeting, as global growth fears remain present and survey data is deteriorating.” “Payrolls did not offer the final blow that some were worried about following weak ISMs. As a result, risk may find some relief from today’s number. USDJPY should find appreciable resistance into 107.00/50, a move we would fade into as we remain focused on 105 in the coming weeks. Meanwhile, we expect the CAD to benefit from a tactical point of view however.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Rosengren: Monetary policy is currently accommodative FX Street 3 years Reviewing the latest labout market data from the United Stateas (US), "Nonfarm payrolls fell modestly below expectations, coming in at 136k for September," noted TD Securities analysts. Key quotes "However, the trend in job growth remains steady at 150k "” still more than enough to absorb new entrants to the labor force. That said, we expect the Fed to deliver another 25bp cut at its October meeting, as global growth fears remain present and survey data is deteriorating." "Payrolls did not offer the final blow that some were worried about following weak ISMs. As a result, risk may find some… 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.
