According to Reuters, the Federal Reserve is expected to cut interest rates again this month to keep the longest economic expansion in history, now in its 11th year, on track. The U.S. central bank lowered borrowing costs in July for the first time since 2008.
Nonfarm payrolls increased by 130,000 jobs last month, the government said. The economy created 20,000 fewer jobs in June and July than previously reported. Economists polled by Reuters had forecast payrolls rising by 158,000 jobs in August.
According to the portal FXstreet, average hourly earnings (YoY) (Aug) is actual at 3.2 percent better than consensus 3.1 percent. Last month it was 3.3 percent.
US indices reacted neutral on this news and today are trading above yesterday close, near all time High. The important note is, that the market done a successful breakout above MA 50 and next strong resistance in near all time highs. There is still room of potential retesting MA 50 or lower supports. Leading points for this month in to watch american president Donald Trump’s twitter and fed reaction.