Live Coverage: First post-Liberation Day Nonfarm Payrolls set to rock sensitive markets

Yohay Elam FXStreet

Are President Trump's tariffs impacting America's labor market? That is a fierce debate that will be partially settled with April's Nonfarm Payrolls report. It will also shake Gold, Stocks and Currencies.

Follow live coverage here on Discord

Join FXStreet Premium to participate in the live coverage, get Gold alerts, access the analysts, and lots more.

Nonfarm Payrolls may show resilience but fail to remove doubts

While the US economy and its labor market are dynamic, companies take their time in adjusting to changes. President Donald Trump's tariffs are intended to boost local manufacturing, but they may hurt importers and retailers selling imported goods.

The big "Liberation Day" announcement came on April 2, but Trump delayed the implementation of some of the duties on April 9. He also exempted consumer electronics from the later week. That is the same week as Nonfarm Payrolls surveys are conducted, and it is probably too early to see the impact.

Nevertheless, ADP's private-sector employment report indicated an increase of only 62,000 positions, well below estimates. And while Gross Domestic Product (GDP) came out negative, that is due to quirks, and under the hood, consumers remain resilient.

What is more certain? High volatility in the interpretation of the data. Stocks and also the US Dollar have been recovering and Gold is off its highs. The relative calm could be broken soon enough.

Live financial market coverage

FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and for Premium members, the abilty to ask our experts questions in real time.

FXStreet Premium

FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

EUR/USD off highs, back to 1.1850

EUR/USD loses some upside momentum, returning to the 1.1850 region amid humble losses. The pair’s slight decline comes against the backdrop of a marginal advance in the US Dollar as investors continue to assess the latest US CPI readings.

GBP/USD advances to daily tops around 1.3650

GBP/USD now manages to pick up extra pace, clinching daily highs around 1.3650 and leaving behind three consecutive daily pullbacks on Friday. Cable’s improved sentiment comes on the back of the inconclusive price action of the Greenback, while recent hawkish comments from the BoE’s Pill also collaborates with the uptick.

Gold surpasses $5,000/oz, daily highs

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The yellow metal’s upside is also propped up by the lack of clear direction around the US Dollar post-US CPI release.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.