US NFP Preview: Can Jobs Beat Expectations for the 3rd Month? | Crypto Craft

  • US NFP Preview: Can Jobs Beat Expectations for the 3rd Month?

    From youtube.com/forexcom

    Markets are skeptical of Trump's claim that the US is in "final negotiations" to end the war, turning instead to tomorrow's NFP report for a read on the US jobs market after soft initial claims and Challenger job cuts data. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, the US Dollar Index (DXY).
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ffghost
25 hr ago — Edited
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Government data during an unpopular war that has been dragging on for 3x the time the president originally said it would? You better believe it will beat again....how could it do anything else?

Here's the rub: strong labor market + FED that is scared about inflation = zero cuts coming soon, and hikes (2?) priced in before any future cut.

But, the market has been pricing that in for a while now and doesn't seem to care. Seems that a "hot" economy that doesn't NEED cuts to help support/backstop companies > cuts in general?


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FlyingTurtle
24 hr ago
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The fed doesn't have the votes to raise rates. The market is retarded, as usual.
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FlyingTurtle
24 hr ago
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NFP is just a fudged fabricated number, so sure, it can beat again.

After market manipulation is over at the end of the year they will revise everything down 1 million as usual.
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