Nathan Janzen, a senior analyst at RBC Economics, analyzes the recent Nonfarm payrolls data released in the US, as he does not wait for Fed action at this moment. EUR/USD fell slightly on the release, down to 1.0950, a year-to-date low. Key quotes “US labour markets showed little evidence of softening in early 2020. The 225k jump in employment was a bounce-back after a slower 147k increase the prior month.” “The unemployment rate edged up to 3.6% from 3.5%, but that is still right around multi-decade lows and down almost half a percentage point from a year ago.” “Wage growth edged up in January, rising to 3.1% year-over-year from 3.0% in December.” “We still think the pace of economic growth will be increasingly limited by supply-side capacity limitations.” “There is little apparent reason for monetary policymakers to consider rate cuts at the moment, and we continue to expect the Fed to sit on the sidelines through 2020.” 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 US Dollar Index remains bid near 98.60 on Payrolls FX Street 2 years Nathan Janzen, a senior analyst at RBC Economics, analyzes the recent Nonfarm payrolls data released in the US, as he does not wait for Fed action at this moment. EUR/USD fell slightly on the release, down to 1.0950, a year-to-date low. Key quotes “US labour markets showed little evidence of softening in early 2020. The 225k jump in employment was a bounce-back after a slower 147k increase the prior month.” “The unemployment rate edged up to 3.6% from 3.5%, but that is still right around multi-decade lows and down almost half a percentage point from a year ago.” “Wage growth… 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.
