Notifications Bell

All eyes on the NFP and Unemployment Reports

All eyes on the NFP and Unemployment Reports

The US jobs reports could make or break the financial markets

Yesterday the stock markets experienced corrections from the previous falls without any news or fundamental data of relevance.

But concerns surrounding the evolution of the new COVID-19 variant persists. At the same time, expectations that the Federal Reserve will accelerate the reduction of bond purchases in its next meeting on December 15 is high following Fed’s latest statements.

Both factors are not positive for the stock indices. The session started today with some poor results, especially for the Tech100 index, which would be more affected in the event of a tightening of financing conditions. Technically, the first support is at 15.851, which is the 0.382 Fibonacci retracement.

The American employment figures scheduled for this afternoon will also be relevant. These reports have had the most importance in recent times since reaching full employment is the main objective of the Federal Reserve's monetary policy. Although the Fed has already announced its intention to withdraw monetary stimulus to counteract inflation, a more positive than expected NFP and unemployment rate figures would pressure it to speed up a return to higher interest rates, which are currently at historic lows. Therefore, the Non-Farm Payroll number released today remains essential in terms of its potential impact on the market.

Paradoxically, good job creation data could harm the stock markets due to its impact on Fed's decision to raise interest rates.

Another asset that may be affected today is GOLD. Although it recently experienced sudden spikes due to high inflation figures, the precious metal has been declining in light of the recent events. The latest price falls have led to a price concentration zone that can act as a support around 1765. Below this level is the 1726 zone – the main support area.

Sources: Bloomberg, Reuters.

Le informazioni contenute nel presente documento sono redatte da Miguel A. Rodriguez e non costituiscono né devono essere interpretate come suggerimenti di investimento. Le informazioni di cui al presente documento costituiscono comunicazioni di marketing generali a scopo informativo e, in quanto tali, non sono state preparate nel rispetto dei requisiti di legge che promuovono le ricerche di investimento indipendenti. Inoltre, non sono soggette ad alcuna limitazione sulle transazioni condotte in anticipo rispetto alla divulgazione delle ricerche di investimento in questione.

Gli utenti / lettori non dovrebbero fare affidamento esclusivamente sulle informazioni qui presentate e dovrebbero fare le proprie ricerche / analisi anche leggendo la ricerca reale sottostante.

Key Way Investments Ltd non influenza né ha alcun input nella formulazione delle informazioni qui contenute. Il contenuto è generico e non tiene conto di circostanze personali individuali, esperienza di investimento o situazione finanziaria attuale.

Pertanto, Key Way Investments Ltd non accetta alcuna responsabilità per eventuali perdite di trader a causa dell'uso e del contenuto delle informazioni presentate nel presente documento. Le prestazioni passate e le previsioni non sono un indicatore affidabile dei risultati futuri.