Breaking: Non-Farm Payrolls beat with 312K, USD jumps

The US economy gained 312K in December, much better than expected. The Unemployment Rate rose to 3.9%, worse than expected, but it is due to a rise in the participation rate to 63.1%.

Average Hourly Earnings are up 0.4% MoM and 3.2% YoY, better than expected. The greenback reacts positively but stocks turn south as the Fed may be more hawkish on the news.

EUR/USD fell to 1.1363 before bounding, GBP/USD to 1.2650, USD/JPY is around 108.00. 

Follow all the moves in the Live Coverage

Here is the move on the euro/dollar chart:EURUSD NFP January 4 2019

The US was expected to report an increase of 177,000 jobs in December after a disappointing rise of 155K in November (before revisions). The ADP NFP report for the private sector showed a jump of 271,00 positions, lifting expectations for the official Non-Farm Payrolls report. Wages were projected to rise of 0.3% MoM after 0.2% in November, and 3.1% YoY after 3.1% in November. 

Fed Chair Jerome Powell speaks at 15:15 GMT alongside his predecessors Janet Yellen and Ben Bernanke. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Teasing range breakdown ahead of Powell speech

EUR/USD has been restricted to a narrow range of 1.1115-1.1063 since last Friday. The pair is currently probing the lower edge of the trading range. A range breakdown, if any, could trap sellers on the wrong side of the market if Fed's Powell sounds dovish.


GBP/USD retraces from 3-week high while heading into G7, Jackson Hole

GBP/USD trims latest gains as Tories warn PM Johnson. The increasing scope of soft Brexit triggered the pair’s earlier surge. G7, global central bankers’ appearance at Jackson Hole will be followed for fresh impulse.


USD/JPY: Yen dips as Japan's inflation hovers at 2-year lows

The Japanese Yen is losing altitude in Asia, possibly due to dismal Japanese inflation data and the resulting rise in the dovish Bank of Japan (BOJ) expectations. Japan's core inflation remained at two-year lows in July.


Gold: Looks south with symmetrical triangle breakdown on 4H

Gold has dived out a symmetrical triangle pattern on the 4-hour chart. The daily chart indicators also favor a drop to $1,480. Essentially, sellers have come out victorious in a tug of war with the bulls.

Gold News

The audiences of Chairman Powell

The FOMC vote in July to drop the fed funds rate 0.25% for the first time since December 2008 was 8-2 with some members who approved the reduction doubting its logic or necessity. 

Read more