Summary
Don't miss out on a great opportunity to learn keys to trade this economic report and ask questions while the market is moving! Trade the December 2nd Non-Farm Payrolls LIVE with Wayne McDonell - FXstreet.com and FX Bootcamp have been partners of this event for over 10 years.
FX Bootcamp provides live play by play commentary and analysis during the release of the Employment Report:
- Learn how to conservatively trade during news events.
- See technical analysis applied to live market charts.
- Apply Pivot Point & Fibonacci Theories in real-time.
- Entry and exits point clearly defined in advance.
- Ask questions while the market is moving.
- Get the NFP NEWS Live!
Read: Non-Farm Payrolls: How To Prepare For and Trade the Employment Situation Report
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Editors’ Picks
NZD/USD attacks 0.6000 as RBNZ Breman's debut presser begins
NZD/USD is attacking 0.6000, under heavy selling pressure early Wednesday, responding to the Reserve Bank of New Zealand's (RBNZ) dovish interest rate on hold decision. The RBNZ kept the OCR unchanged at 2.25%. Gowernor Anna Breman sheds light on the policy outlook at her debut press conference.
AUD/USD consolidates below 0.7100 as traders await FOMC Minutes
AUD/USD struggles to capitalize on the previous day's bounce from over a one-week low, trading under 0.7100 in Wednesday's Asian session. Traders await more cues about the US Fed's rate-cut path before placing fresh directional bets. Hence, the focus will be on the FOMC Minutes, due for release later today, which will drive the US Dollar and the currency pair. In the meantime, the RBA's hawkish stance and a generally positive risk tone might continue to cap the Aussie's downside amid hopes for additional stimulus from China.
Gold bounces back toward $4,900, looks to FOMC Minutes
Gold is attempting a bounce from the $4,850 level, having touched a one-week low on Tuesday. Signs of progress in US–Iran talks dented demand for the traditional safe-haven bullion, weighing on Gold in early trades. However, rising bets for more Fed rate cuts keep the US Dollar bulls on the defensive and act as a tailwind for the non-yielding yellow metal. Traders now seem reluctant ahead of the FOMC Minutes, which would offer cues about the Fed's rate-cut path and provide some meaningful impetus.
DeFi could lift crypto market from current bear phase: Bitwise
Bitwise Chief Investment Officer Matt Hougan hinted that the decentralized finance sector could lead the crypto market out of the current bear phase, citing Aave Labs’ latest community proposal as a potential signal of good things to come.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
Here is what you need to know on Wednesday, February 18:
The United States (US) released the four-week average of the ADP Employment Change, which showed the private sector added 10.3 K jobs, beating the previous week 7.8K.