{"id":20441,"date":"2022-01-07T17:50:00","date_gmt":"2022-01-07T17:50:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=20441"},"modified":"2022-01-08T00:46:30","modified_gmt":"2022-01-08T00:46:30","slug":"us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/","title":{"rendered":"US dollar lower as growth in non-farm payrolls frustrates traders"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20441\" class=\"elementor elementor-20441\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf0a9d0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf0a9d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-46f7e0b\" data-id=\"46f7e0b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d04e7a5 elementor-widget elementor-widget-text-editor\" data-id=\"d04e7a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Market Wrap<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0274c30 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0274c30\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c1800b6\" data-id=\"c1800b6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0f882e elementor-widget elementor-widget-image\" data-id=\"b0f882e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"601\" height=\"280\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/Picture1-4.jpg\" class=\"attachment-large size-large wp-image-20444\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68306f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"68306f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d72862d\" data-id=\"d72862d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3499d51 elementor-widget elementor-widget-text-editor\" data-id=\"3499d51\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>US non-farm payrolls (NFP) grew by a disappointing 199,000 in December, according to US Bureau of Labour statistics. There was a far lower increase in jobs in December than estimates, which had been at a consensus of 400,000. There were 53,000 new jobs in leisure and hospitality, but employment is still down 7.2% or 1.2 million from February 2020. With the Fed&#8217;s dual mandate including full employment, the path to this goal is obviously not linear and is taking some time to achieve. Pre the pandemic crisis, circa 200k new jobs was a good figure for NFP, which goes to show how expectations of a massive return to work are being created but not delivered.<\/p><p>According to the Bureau of Labour Statistics, the unemployment rate declined by 483,000 to 3.9% in December, falling more than anticipated. All employees on private nonfarm payrolls earned an average of $31.31 per hour, up 19 cents. These figures could be the catalyst for the sell-off as rising wages are a problem in a rising inflationary economy. Federal Reserve member Daly said after the NFP data drop, that the \u201cprice-wage spiral is not evident in data yet, but it&#8217;s worth watching for\u201d. If wages are rising in line with inflation or possibly exceeding it, there is no problem paying higher prices. The likely outcome though is that wages fail to keep up with increasing inflation and people just refuse to pay higher prices and we have an economic slide.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35aefc9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35aefc9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cc7b6b1\" data-id=\"cc7b6b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c16cba elementor-widget elementor-widget-image\" data-id=\"2c16cba\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"504\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/eurusd-30m.jpg\" class=\"attachment-large size-large wp-image-20445\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-52227570 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"52227570\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d1aec54\" data-id=\"1d1aec54\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c9de93 elementor-widget elementor-widget-text-editor\" data-id=\"c9de93\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">See real-time quotes <\/a>provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9254a84 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9254a84\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-612125b\" data-id=\"612125b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2a5680 elementor-widget elementor-widget-text-editor\" data-id=\"f2a5680\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Following the NFP number the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> has gained more than 50 pips which is a sizeable move within the current daily range. The euro had been trading flat to lower following this morning\u2019s European data release.<\/p><p>The European Commission reported that the economic sentiment among consumers and businesses in the Eurozone declined in December.<\/p><p>We are seeing rising inflation across the single market as well. According to Flash estimates released by Eurostat this morning, consumer prices in the euro area increased by 5% in December 2021 over the same month in 2020. Prices increased by more than expected, reaching another record high with a consensus of 4.8%. Energy prices once again rose the most, by 26% on an annual basis, followed by food, alcohol, and tobacco at 3.2%, non-energy industrial goods at 2.9%, and services at 2.4%.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d10cfaf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d10cfaf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57c7088\" data-id=\"57c7088\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d62b06a elementor-widget elementor-widget-image\" data-id=\"d62b06a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"532\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/Picture3-1.jpg\" class=\"attachment-large size-large wp-image-20446\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f6085f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f6085f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9ae466b\" data-id=\"9ae466b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f2a593 elementor-widget elementor-widget-text-editor\" data-id=\"7f2a593\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>At the London close the forex heatmap is still mixed, with the euro relative strength growing along with the <a href=\"http:\/\/bit.ly\/334hUb4\" target=\"_blank\" rel=\"noopener\">Canadian dollar<\/a> while the US dollar sees flows going the other way. The <a href=\"https:\/\/bit.ly\/3IMUkUF\" target=\"_blank\" rel=\"noopener\">US dollar index<\/a> dropped following the NFP data as did the <a href=\"https:\/\/bit.ly\/3pZAGfs\" target=\"_blank\" rel=\"noopener\">US bonds<\/a>. The move in the US dollar may be most linked with the fall in the US 2-year notes yield which is the most affected by the Feds Fund Rate. At the next FOMC meeting expectations were for the hawkish tones around raising rates earlier to begin, but if the jobs market isn\u2019t roaring back to full employment that may be delayed.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1fbc853 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1fbc853\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d6d8e3d\" data-id=\"d6d8e3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d2700a elementor-widget elementor-widget-image\" data-id=\"9d2700a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3J0m0Wm\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"504\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/USATEC-1D.jpg\" class=\"attachment-large size-large wp-image-20447\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e4b0a72 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e4b0a72\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6fe5a16f\" data-id=\"6fe5a16f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1580e2d8 elementor-widget elementor-widget-text-editor\" data-id=\"1580e2d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3J0m0Wm\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a2a6125 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a2a6125\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-273f47b\" data-id=\"273f47b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d89752b elementor-widget elementor-widget-image\" data-id=\"d89752b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"540\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/Picture5.jpg\" class=\"attachment-large size-large wp-image-20448\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16796a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16796a0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0afa7d2\" data-id=\"0afa7d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dab2498 elementor-widget elementor-widget-text-editor\" data-id=\"dab2498\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>I am getting the feeling that we could be in for a deeper correction based on today&#8217;s <a href=\"https:\/\/bit.ly\/3J0m0Wm\" target=\"_blank\" rel=\"noopener\">Nasdaq<\/a> move post data and the chart above which includes <a href=\"http:\/\/bit.ly\/2Zmw200\" target=\"_blank\" rel=\"noopener\">AAPL<\/a>, <a href=\"http:\/\/bit.ly\/2J3MDwb\" target=\"_blank\" rel=\"noopener\">MSFT<\/a>, <a href=\"http:\/\/bit.ly\/2Zk300V\" target=\"_blank\" rel=\"noopener\">GOOG<\/a>, <a href=\"http:\/\/bit.ly\/2OccOTY\" target=\"_blank\" rel=\"noopener\">TSLA<\/a>, <a href=\"http:\/\/bit.ly\/2NhH3Yk\" target=\"_blank\" rel=\"noopener\">FB<\/a>, and <a href=\"http:\/\/bit.ly\/2P2PglH\" target=\"_blank\" rel=\"noopener\">Amazon<\/a>, which is the equivalent of 45% of the market weighting of the Nasdaq. The Nasdaq is unlikely to go higher if the top six companies are going sideways to lower, and as the weekly time frame indicates a high probability of a close below the 20 EMA, next week could be a bear market for tech stocks. 15500 is a very significant level and for me the last line of support before we test the daily 200 EMA.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Market Wrap US non-farm payrolls (NFP) grew by a disappointing 199,000 in December, according to US Bureau of Labour statistics. There was a far lower increase in jobs in December than estimates, which had been at a consensus of 400,000. There were 53,000 new jobs in leisure and hospitality, but employment is still down 7.2% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[18,42,69,102,27,40],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US dollar lower as growth in non-farm payrolls frustrates traders - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US dollar lower as growth in non-farm payrolls frustrates traders US dollar lower as growth in non-farm payrolls frustrates traders\" \/>\n<meta property=\"og:description\" content=\"If only the NFP had hit the 400k target, we would all have a much clearer picture of what the Fed will do. At the end of the London session, we are seeing the US dollar drop, alongside benchmark bonds and interest rate-sensitive tech stocks. 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At the end of the London session, we are seeing the US dollar drop, alongside benchmark bonds and interest rate-sensitive tech stocks. The market will have to digest the unemployment and wage data, along with the comments from the Fed members before the blackout ahead of the FOMC meeting.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Neville Hornsey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\"},\"author\":{\"name\":\"Neville Hornsey\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\"},\"headline\":\"US dollar lower as growth in non-farm payrolls frustrates traders\",\"datePublished\":\"2022-01-07T17:50:00+00:00\",\"dateModified\":\"2022-01-08T00:46:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\"},\"wordCount\":607,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"EURUSD\",\"Fed\",\"FOMC\",\"Interest rates\",\"NASDAQ\",\"US DOLLAR INDEX\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\",\"url\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\",\"name\":\"US dollar lower as growth in non-farm payrolls frustrates traders - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-01-07T17:50:00+00:00\",\"dateModified\":\"2022-01-08T00:46:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/us-dollar-lower-as-growth-in-non-farm-payrolls-frustrates-traders\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US dollar lower as growth in non-farm payrolls frustrates traders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/95b20558021997bd74f4db43fabddf85\",\"name\":\"Neville Hornsey\",\"description\":\"Neville Hornsey holds a BA Honours 2.1 in Professional Media and has been a professional trader since 2007. 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