News hero gradient


Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular

NFP Preview: US Dollar Bounce Potential if Jobs Remain Strong

The US dollar is testing support and the NFP leading indicators point to a slightly above expectation reading this month, with headline job growth potentially coming in somewhere in the 200-250K range

Forex trading

EUR/USD analysis: With NFP out of the way, US CPI and ECB come into focus

US dollar eases off after initial bounce, after US NFP rose by 300K, although it was boosted by part-time jobs. US CPI and ECB policy decision coming up next week, which should provide some direction for the EUR/USD.

default avatar
April 6, 2024 03:00 AM

Why trade with City Index?

Tight spreads from 0.5 pts on FX and 1 pt on indices.

Award-winning platforms with fast and secure execution.

downtrend chart

US dollar hints at NFP rebound, ASX 200 to track Wall Street lower?

The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce.

default avatar
April 5, 2024 09:28 AM

NFP Preview: Another Hot Jobs Report on Tap? DXY in Focus

The US dollar is sitting in the middle of its 3-month range with leading indicators pointing toward slightly above expectation reading in this month’s NFP report, with headline job growth in the 200K-250K range.

Gold nuggets

Gold Weekly Forecast: Will We Get a Pullback After XAU/USD’s Surge to Record Highs?

Gold is overbought on a short-term basis, but the long-term returns hint at more room to run higher from here...

default avatar
March 9, 2024 01:00 PM
Currency exchange rate board of multiple currencies

GBP/USD analysis: Mixed NFP report sends dollar lower – Forex Friday

Friday's US non-farm payrolls report (NFP came in mixed-to-slightly weak when you consider the revisions and wages, causing the dollar to weaken further. The GB/USD could be heading to 1.30 in the week ahead when we have lots of data from both the UK and US to look forward to.

Apply now highlighted in newspaper

NFP Preview: Is the US Dollar Poised for a Bounce Back?

After slipping for the past three weeks, the US Dollar Index is testing key previous support at the 103.00 level, potentially setting the stage for a bounce on solid jobs data.


US dollar analysis: NFP trounces expectations - Forex Friday

NFP trounces expectations at +353K vs. +185K expected. USD/JPY and bond yields jump, gold drops .Light macro events in week ahead.

Currency exchange rate board of multiple currencies

EUR/USD holds key support ahead of NFP, US dollar on the ropes

The US dollar was lower across the board after traders digested the latest Fed meeting and are now focusing on four cuts this year, beginning in May. EUR/USD is just one of several pairs to form engulfing days against the US dollar.

default avatar
February 2, 2024 09:27 AM
"Newspaper snippet of jobs board"

NFP Preview: Why the US Dollar Could Be More Volatile Than Usual

The recent consolidation in the US Dollar Index and the Fed’s renewed data dependence could lead to a more-volatile-than-usual reaction in the US dollar.

default avatar
February 2, 2024 03:02 AM
Market trader analysing data

Nasdaq reaches new record high, a week ahead of FOMC: The Week Ahead

Love it or loathe it, the rally on US indices has been impressive. Traders seem to be focussed on lower yields, slightly reduced bets of multiple Fed cuts and any other morsel of what can be repackaged as ‘good news’. But can it withstand incoming GDP figures, a PCE inflation report and an FOMC meeting without a wobble?

default avatar
January 25, 2024 02:34 PM

Gold analysis: Metals bounce back as dollar eases on mixed NFP data

Revisions to past NFP data takes shine off headline beat, sending metals higher as the dollar retreats. Gold technical analysis: $2030ish support holds for now, eyes turn to $2075/80 resistance area...

default avatar
January 6, 2024 01:45 AM
Forex trading

EUR/USD analysis: Dollar extends positive 2024 start ahead of NFP – Forex Friday

EUR/USD analysis: Boost from Eurozone PMI offset by drop in German retail sales, as focus turns to US non-farm payrolls report. EUR/USD technical analysis point to short-term weakness, although long-term bull trend still intact.

default avatar
January 5, 2024 10:30 PM
Close-up of market chart

USD/JPY analysis: NFP beats and dollar rebounds ahead of busy week – Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week's edition, we will discuss the US dollar in light of the NFP beat, and ahead of next week's key macro events.

default avatar
December 9, 2023 01:20 AM

NFP Preview: EUR/USD Tests Support as Traders Price in Q1 Fed Cuts

Traders and economists expect the NFP report to show that the US created 185K net new jobs, with average hourly earnings rising 0.3% m/m (4.0% y/y) and the U3 unemployment rate remaining unchanged at 3.9%.

default avatar
December 8, 2023 01:23 AM
Apply now highlighted in newspaper

US dollar analysis: NFP cements peak Fed rates narrative

Today’s publication of US jobs report has further cemented expectations that the Fed has reach peaked interest rates. Bond yields and the dollar have sold off as a result, with indices and gold moving higher.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

Forex trading

Dollar analysis: NFP puts EUR/USD and AUD/USD in focus - Forex Friday

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report we will discuss the dollar’s outlook and how the upcoming data releases could impact the direction of major pairs like the EUR/USD and AUD/USD.

Apply now highlighted in newspaper

NFP Preview: EUR/USD Surges to Test 50-day EMA Ahead of Jobs Report

A weaker-than-expected NFP report could accelerate the selling in the US dollar (buying in EUR/USD) for a move up toward the top of the flag pattern above 1.0700.

default avatar
November 3, 2023 12:48 AM
USA flag

Dollar analysis: Has Dollar Index Peaked? - Forex Friday

It is all about the nonfarm payrolls report and the dollar today. The NFP data will be responsible for the short-term direction of the US dollar and bond yields, before the focus turns to the FOMC meeting minutes and inflation data next week.

default avatar
October 6, 2023 10:00 PM
Apply now highlighted in newspaper

NFP Preview: EUR/USD Bearish Trend Intact Below 1.0530

EUR/USD remains in a bearish channel with resistance at 1.0530 ahead of NFP

default avatar
October 6, 2023 02:54 AM

NFP Preview: EUR/USD Slips as Traders Eye Slowest Job Growth in 2.5 Years

EUR/USD is trading between resistance near 1.0925 and support around 1.0840 ahead of the key US jobs report...

default avatar
September 1, 2023 12:18 AM

PCE inflation, NFP and ISM manufacturing in focus: The Week Ahead – 25/08/2023

It's the last trading week of August, and it's fair to say that market conditions were more volatile and eventful than this time of year tends to provide. At the time of writing, we're yet to hear what Fed Chair Jerome Powell has to say, but it could certainly set the tone for next week's trade. And there is no shortage of data to kick off September, including US PCE inflation, GDP, and the ISM manufacturing survey. Final PMIs are also published for the US, UK, Europe, Japan, and Australia. And incoming RBA Governor Bullock speaks, and a host of Australian data includes CPI, retail sales, home loans, and capex.

default avatar
August 27, 2023 09:13 AM