{"id":9184,"date":"2010-05-06T12:38:18","date_gmt":"2010-05-06T16:38:18","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9184"},"modified":"2010-05-06T12:38:18","modified_gmt":"2010-05-06T16:38:18","slug":"usd-makes-record-gains-nfp-expected-to-accelerate-usd-growth","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/06\/usd-makes-record-gains-nfp-expected-to-accelerate-usd-growth\/","title":{"rendered":"USD Makes Record Gains; NFP Expected to Accelerate USD-Growth"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; Another new month brings with it a fresh Non-Farm Employment Change  report from the US government. No doubt many investors have been  watching the riots unfold in Greece, bailout packages getting solidified  and a shocking plummet in the value of the EUR and Crude Oil. The USD  has surged to 1-year highs against a number of currencies, the EUR  primary among them. This makes tomorrow\u2019s Non-Farm Payroll (NFP) report  even more significant.<\/p>\n<p>The American economy appears to be a  short-term safe-haven for investors who feel uncertain about the  Euro-Zone. As a result, any positive news coming out of the US may help  to facilitate this perception and add strength to the Dollar. This is  precisely what we\u2019re expecting tomorrow with the NFP report.<\/p>\n<p>Expectations are for a growth, in the non-farm sector of the American  economy, of 197K jobs. A forecast which may indeed be accurate, even  underestimated, given current conditions. Last month we saw a growth in  NFP by 162K jobs, and most data we have says that employment has only  improved since then. Temporary hiring and long-term employment are both  up. Jobless claims and layoffs are both down. Wednesday\u2019s ADP report was  better than expected. Safe-haven status of the USD and falling oil  prices guarantee stronger buying power of American firms, thus further  growth. And lastly, the unemployment rate has held steady in the face of  systemic layoffs around the globe.<\/p>\n<p>As stated before, any positive data from the US should lead to a  strengthening of the safe-haven status of the USD. If the NFP report  comes inline with forecasts, give or take a few thousand jobs, the USD  will likely continue to mount record gains against its rivals going into  next week. It appears as if tomorrow\u2019s data can only help the Dollar,  even if worse than forecast results are given.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                               Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                               may not be suitable for all investors.   There    is  a              possibility      that     you   could   sustain a  loss   of  all   of    your         investment and        therefore  you        should   not    invest   money  that   you        cannot afford to         lose. You    should    be      aware of   all     the    risks      associated with     Foreign      Exchange     trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Holden &#8211; Another new month brings with it a fresh Non-Farm Employment Change report from the US government. No doubt many investors have been watching the riots unfold in Greece, bailout packages getting solidified and a shocking plummet in the value of the EUR and Crude Oil. The USD has surged to 1-year &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/06\/usd-makes-record-gains-nfp-expected-to-accelerate-usd-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD Makes Record Gains; NFP Expected to Accelerate USD-Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9184","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9184"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}