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US Dollar is in focus due to today's July US non farm payroll data.
July US non farm payroll has risen by 157,000 in July against estimated 191,000.
As actual data is below estimated 191K - US Dollar has turned bearish.
USDJPY chart on 15 min TF -
Key takeaways from the July jobs report are -
(a) In July, the unemployment rate edged down by 0.1 percentage point to 3.9 percent, following an increase in June. The number of unemployed persons declined by 284,000 to 6.3 million in July.
(b) The labor force participation rate, at 62.9 percent in July, was unchanged over the month and over the year.
(c) The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.5 hours in July, following an increase of 0.1 hour in June.
(d) In July, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $27.05. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent.
Cheers !!
US Dollar is in focus due to today's July US non farm payroll data.
July US non farm payroll has risen by 157,000 in July against estimated 191,000.
As actual data is below estimated 191K - US Dollar has turned bearish.
USDJPY chart on 15 min TF -
Key takeaways from the July jobs report are -
(a) In July, the unemployment rate edged down by 0.1 percentage point to 3.9 percent, following an increase in June. The number of unemployed persons declined by 284,000 to 6.3 million in July.
(b) The labor force participation rate, at 62.9 percent in July, was unchanged over the month and over the year.
(c) The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.5 hours in July, following an increase of 0.1 hour in June.
(d) In July, average hourly earnings for all employees on private nonfarm payrolls rose by 7 cents to $27.05. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent.
Cheers !!
