{"id":30408,"date":"2022-05-09T09:29:53","date_gmt":"2022-05-09T06:29:53","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=30408"},"modified":"2025-10-13T12:47:20","modified_gmt":"2025-10-13T09:47:20","slug":"aprils-us-employment-report-failed-to-excite-traders","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/","title":{"rendered":"April\u2019s US employment report failed to excite traders"},"content":{"rendered":"\n<p>The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session. Overall, the release of the US employment report for April failed to excite traders as despite the Non-Farm Payrolls figure remaining relatively at the same levels as in March and not dropping as the market expected, the unemployment rate failed to tick down and remained unchanged. We note as the next big test for the greenback the release of the US CPI rates for April on Wednesday and a possible deceleration could ease the market\u2019s pressure on the Fed to hike rates as it may signal that inflation has peaked and is easing in the US economy. Despite the average earnings growth rate failing to accelerate, US yields were still on the rise which could provide support for the greenback.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Key points: April\u2019s US employment report failed to excite traders | 09\/05\/2022 | EN\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/FdpaZo1GyaU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Given the lack of high impact financial releases today from the US we expect fundamentals to take over the lead for the USD as well as the US stockmarkets, which ended Friday and the week in the reds implying some cautiousness on behalf of the markets. On the flip side we must note the drop of the Australian Dollar as fundamentals from China tend to weigh on the commodity currency given the concerns for China\u2019s economy which is closely linked to the Australian economy. It should be noted though that China\u2019s trade data were better than expected with its import growth rate, which is the main concern for Aussie traders, halting the contraction expected for April and the trade balance rose. Should &nbsp;the market sentiment for China\u2019s economy continue to be worrisome we may see the AUD slipping further.&nbsp;<\/p>\n\n\n\n<p>The USD Index rose during today\u2019s Asian session breaking the 103.85 (S1) resistance line now turned to support. We tend to switch our bias for a sideways movement in favour of a bullish outlook as the pair\u2019s price action has broken the upper boundary of its sideways movement. Should the bulls take over, we may see the USD index breaking the 104.70 (R1) line and aim for the 105.60 (R2) level. Should the bears say enough is enough and take over, we may see the pair breaking the 103.85 (S1) line and aim for the 102.90 (S2) level.<\/p>\n\n\n\n<p>AUD\/USD dropped during today\u2019s Asian session, breaking the 0.7050 (R1) support line, now turned to resistance. We maintain a bearish outlook for the pair as long as it remains below the downward trendline incepted since the 5<sup>th<\/sup> of May. Should the selling interest of the market be maintained we may see AUD\/USD breaking the 0.6970 (S1) support line and aim for the 0.6840 (S2) level. Should the pair find fresh buying orders along its path we may see the pair breaking the prementioned downward trendline as a first sign of a trend reversal, the 0.7050 (R1) resistance line and aim for the 0.7165 (R2) level.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-today\"><strong>Other highlights for today <\/strong><\/h2>\n\n\n\n<p>Today, in the European session we note the release of Eurozone\u2019s forward looking Sentix Index for May, while on the monetary front during the American session we note the planned speeches of Atlanta Fed President Bostic and BoE MPC member Saunders. During Tuesday\u2019s Asian session, we note the release of New Zealand\u2019s electronic card sales growth rate for April, Japan\u2019s all household spending growth rate and Australia\u2019s NAB business conditions as well as business confidence both being for April as well as the retail trade for Q1.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-as-for-the-rest-of-the-week\"><strong>As for the rest of the week<\/strong><\/h2>\n\n\n\n<p>On Tuesday we get Norway\u2019s and the Czech Republic\u2019s CPI rates for April as well as Germany\u2019s ZEW indicators for May. On Wednesday we get China\u2019s inflation metrics for April and highlight the US CPI rates for April. On Thursday we note the release of Japan\u2019s current account balance for March, UK\u2019s GDP rates for Q1 and March as well as UK\u2019s manufacturing output growth rate for March, Sweden\u2019s CPI rates for April and the US weekly initial jobless claims figure. On Friday we get Norway\u2019s GDP rates for Q1, Eurozone\u2019s industrial production growth rate for March and the preliminary US University of Michigan consumer sentiment for May.&nbsp;<\/p>\n\n\n\n<p><strong>USD Index H4 Chart<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"818\" height=\"370\" src=\"\/wp-content\/uploads\/2022\/05\/USD-9-5-2022.png\" alt=\"support at one hundred and three point eighty five and resistance at one hundred and four point seven, direction upwards \" class=\"wp-image-30409\" title=\"usd-index-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 103.85 (S1), 102.90 (S2), 102.10 (S3)<\/p>\n\n\n\n<p>Resistance: 104.70 (R1), 105.60 (R2), 106.40 (R3)<\/p>\n\n\n\n<p><strong>AUD\/USD H4 Chart<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"825\" height=\"383\" src=\"\/wp-content\/uploads\/2022\/05\/aud-usd-9-5-2022.png\" alt=\"support at zero point six nine seven and resistance at zero point seven zero five, direction downwards \" class=\"wp-image-30410\" title=\"aud-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 0.6970 (S1), 0.6840 (S2), 0.6745 (S3)<\/p>\n\n\n\n<p>Resistance: 0.7050 (R1), 0.7185 (R2), 0.7285 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1452\" height=\"361\" src=\"\/wp-content\/uploads\/2022\/05\/benchamrk-9-5-2022.png\" alt=\"\" class=\"wp-image-30411\" title=\"benchmark-9-5-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"876\" height=\"516\" src=\"\/wp-content\/uploads\/2022\/05\/table-9-5-2022.png\" alt=\"\" class=\"wp-image-30415\" title=\"table-9-5-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1032\" height=\"750\" src=\"\/wp-content\/uploads\/2022\/05\/morning-releases-9-5-2022.png\" alt=\"\" class=\"wp-image-30412\" title=\"morning-releases-9-5-2022\"\/><\/figure>\n\n\n\n<p>If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:reseach_team@ironfx.com\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session. Overall, the<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30408","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forex blog - IronFX\u2122 | The Global Leader In Online Trading<\/title>\n<meta name=\"description\" content=\"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/en\/wp-json\/wp\/v2\/posts\/30408\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"April\u2019s US employment report failed to excite traders\" \/>\n<meta property=\"og:description\" content=\"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T06:29:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T09:47:20+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"April\u2019s US employment report failed to excite traders\",\"datePublished\":\"2022-05-09T06:29:53+00:00\",\"dateModified\":\"2025-10-13T09:47:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/\"},\"wordCount\":809,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/\",\"name\":\"Forex blog - IronFX\u2122 | The Global Leader In Online Trading\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#website\"},\"datePublished\":\"2022-05-09T06:29:53+00:00\",\"dateModified\":\"2025-10-13T09:47:20+00:00\",\"description\":\"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/aprils-us-employment-report-failed-to-excite-traders\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"April\u2019s US employment report failed to excite traders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. Become an IB and enjoy the highest market rebates.&quot;\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#organization\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"contentUrl\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"width\":1200,\"height\":627,\"caption\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/en\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\",\"name\":\"IronFX Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"caption\":\"IronFX Team\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Forex blog - IronFX\u2122 | The Global Leader In Online Trading","description":"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ironfx.com\/en\/wp-json\/wp\/v2\/posts\/30408\/","og_locale":"en_US","og_type":"article","og_title":"April\u2019s US employment report failed to excite traders","og_description":"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.","og_url":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/","og_site_name":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX","article_published_time":"2022-05-09T06:29:53+00:00","article_modified_time":"2025-10-13T09:47:20+00:00","author":"IronFX Team","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/#article","isPartOf":{"@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/"},"author":{"name":"IronFX Team","@id":"https:\/\/www.ironfx-id.com\/en\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1"},"headline":"April\u2019s US employment report failed to excite traders","datePublished":"2022-05-09T06:29:53+00:00","dateModified":"2025-10-13T09:47:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/"},"wordCount":809,"publisher":{"@id":"https:\/\/www.ironfx-id.com\/en\/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/","url":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/","name":"Forex blog - IronFX\u2122 | The Global Leader In Online Trading","isPartOf":{"@id":"https:\/\/www.ironfx-id.com\/en\/#website"},"datePublished":"2022-05-09T06:29:53+00:00","dateModified":"2025-10-13T09:47:20+00:00","description":"The USD showed little reaction on Friday yet seemed to gain against its counterparts during today\u2019s Asian session.","breadcrumb":{"@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ironfx-id.com\/en\/aprils-us-employment-report-failed-to-excite-traders\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ironfx-id.com\/en\/"},{"@type":"ListItem","position":2,"name":"April\u2019s US employment report failed to excite traders"}]},{"@type":"WebSite","@id":"https:\/\/www.ironfx-id.com\/en\/#website","url":"https:\/\/www.ironfx-id.com\/en\/","name":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX","description":"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. Become an IB and enjoy the highest market rebates.&quot;","publisher":{"@id":"https:\/\/www.ironfx-id.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ironfx-id.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ironfx-id.com\/en\/#organization","name":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX","url":"https:\/\/www.ironfx-id.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ironfx-id.com\/en\/#\/schema\/logo\/image\/","url":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","contentUrl":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","width":1200,"height":627,"caption":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX"},"image":{"@id":"https:\/\/www.ironfx-id.com\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.ironfx-id.com\/en\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1","name":"IronFX Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","caption":"IronFX Team"}}]}},"_links":{"self":[{"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/posts\/30408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/comments?post=30408"}],"version-history":[{"count":0,"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/posts\/30408\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/media?parent=30408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/categories?post=30408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ironfx-id.com\/en\/wp-json\/wp\/v2\/tags?post=30408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}