{"id":154912,"date":"2019-09-06T11:11:27","date_gmt":"2019-09-06T15:11:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154912"},"modified":"2019-09-06T10:58:47","modified_gmt":"2019-09-06T14:58:47","slug":"tepid-us-jobs-report-opens-doors-for-deeper-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/tepid-us-jobs-report-opens-doors-for-deeper-rate-cuts\/","title":{"rendered":"Tepid US jobs report opens doors for deeper rate cuts"},"content":{"rendered":"<div id=\"inves-1977469650\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 6, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Lukman Otunuga, Research Analyst, <\/strong><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\"><strong>ForexTime<\/strong><\/a><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>The argument for deeper interest rate cuts by the Federal Reserve was reinforced on Friday after hiring in the United States stumbled\u00a0in August.<\/p>\n<p>Total nonfarm payrolls disappointed market expectations by rising 130,000\u00a0versus the 160,000\u00a0forecasts. When considering how the figure was boosted by 25,000 temporary government workers because of the upcoming US consensus count, the underline jobs\u00a0growth was only 105,000. Although unemployment rate held steady at 3.7% and average hourly earnings\u00a0increased by 0.4% month-on-month, the sore spot in\u00a0the report was\u00a0the soft headline NFP figure. Concerns over weakness in the US labour market threatening consumer spending should fuel speculation over the Fed cutting interest rates again beyond September.<\/p>\n<p>Appetite towards the Dollar took a slight hit following the jobs report with the Dollar Index trading around 98.11\u00a0as of writing. Sustained weakness below 98.50 should encourage a decline towards 98.00 in the week ahead.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/_dxydaily_127.png\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Lukman Otunuga, Research Analyst, ForexTime The argument for deeper interest rate cuts by the Federal Reserve was reinforced on Friday after hiring in the United States stumbled\u00a0in August. Total nonfarm payrolls disappointed market expectations by rising 130,000\u00a0versus the 160,000\u00a0forecasts. When considering how the figure was boosted by 25,000 temporary government workers because of the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-154912","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=154912"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154912\/revisions"}],"predecessor-version":[{"id":154916,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154912\/revisions\/154916"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}