More from FXstreet.com

Forex Flash: NonFarm payrolls to rise another 100K in July; USD positive - DailyFX

By FXstreet.com,  July 27, 2012, 04:59:00 PM EDT

FXstreet.com (San Francisco) - The United States will release its July employment report next Friday August 3rd at 12:30 GMT (8:30 EST) and it is expected to post 97K more payrolls to be added in July but leaving the unemployment rate unchanged at 8.2%.

David Song, Currency Analyst at DailyFX, believes the NFP figures will be slightly higher with "another 100K [increase] in July following the 80K expansion the month prior, and the faster rate of job growth may spark a bullish reaction in the USD as the data dampens expectations for QE3."

"In turn, we should see the dollar track higher going into August," continued Song, "and the bullish sentiment surrounding the greenback may gather pace throughout the remainder of the year as the FOMC appears to be bringing its easing cycle to an end."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Private Wealth Revives, Managers Face Higher Costs
Private Wealth Revives, Managers Fa...
Private Island on the Thames: $11.7 Million
Private Island on the Thames: $11.7...
Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7.105 0.22  2.94%
PFE $ 29.62 0.22  0.75%
MU $ 13.82 0.07  0.51%
BAC $ 13.27 unch
SIRI $ 3.455 0.06  1.62%
BBRY $ 14.1599 0.68  4.58%
NWSAV $ 15.67 unch
NVDA $ 15.0296 0.63  4.37%