According to analysts at ANZ, the data highlight the fundamental strength of the US economy, despite the geopolitical malaise and trade uncertainties as NFP beat expectations at 223k, with the unemployment rate down a tenth to 3.8%. Key Quotes “Wage growth was also better than expected, up 2.7% y/y or 0.3% m/m. Separately, Costco hiked wages for 130,000 workers, highlighting the pressure to keep employees on the payroll.” “Meanwhile, the ISM came in stronger than expected at 58.7 (last: 57.3), the details were also broadly positive. Notably, pricing indicators continue to climb. A June hike looks locked, in line with the recent Fed-speak that confirmed the outlook has not changed despite market volatility and Italian jitters.” “Late in the US session, the Fed’s Williams said neutral is about three rate hikes away and that the Fed does “not necessarily” need to pause once they reach neutral.” 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 AUD/USD rises above 50-day MA as markets anticipate better-than-expected Aussie GDP FX Street 5 years According to analysts at ANZ, the data highlight the fundamental strength of the US economy, despite the geopolitical malaise and trade uncertainties as NFP beat expectations at 223k, with the unemployment rate down a tenth to 3.8%. Key Quotes "Wage growth was also better than expected, up 2.7% y/y or 0.3% m/m. Separately, Costco hiked wages for 130,000 workers, highlighting the pressure to keep employees on the payroll." "Meanwhile, the ISM came in stronger than expected at 58.7 (last: 57.3), the details were also broadly positive. Notably, pricing indicators continue to climb. A June hike looks locked, in line with… 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.
