#NFPWatch

NFPWatch is likely tracking the upcoming Nonfarm Payrolls (NFP) report, a key economic indicator that measures job growth in the US. The NFP report is released monthly by the US Bureau of Labor Statistics and has a significant impact on financial markets.

*Recent NFP Data:*

- The June NFP report showed a 147,000 increase in jobs, surpassing market expectations of 110,000.

- The unemployment rate likely ticked higher to 4.3% in June, following May's 4.2% rate.

- Average hourly earnings are expected to rise 0.3% month-over-month.¹ ²

*Market Impact:*

- A higher-than-expected NFP figure can strengthen the US Dollar and boost interest rates.

- Conversely, a lower-than-expected reading can weaken the Dollar and lead to rate cuts.

- The NFP report also influences gold prices, with higher NFP figures typically negatively correlated with gold prices.

*Current Expectations:*

- Analysts expect a 120,000 job increase in the upcoming report, with unemployment steady at 4.3%.

- Some forecasts suggest a potential sub-100K jobs report, which could impact market expectations.³