US labor market data in focus, dollar may benefit from strong non-farm payrolls, equities may prefer weaker

From Investing.com: 2024-10-04 05:19:00

The US labour market data is in the spotlight, with non-farm payrolls expected to rise by 140k. The dollar could benefit from strong data, while equities may prefer weaker prints. The Euro continues to suffer, while both gold and oil prices are advancing. A surprise in the US labour market data could lead to changes in Fed rate cut expectations and boost the dollar. Meanwhile, the Euro remains weak, the Pound is trying to recover, and oil prices are on the rise due to ongoing conflicts in the Middle East. Gold prices are also climbing amid market uncertainty.



Read more at Investing.com: Will US Dollar or Stocks Smile After Non-Farm Payrolls Print?