{"id":135767,"date":"2026-08-28T15:09:18","date_gmt":"2026-08-28T12:09:18","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=135767"},"modified":"2026-08-28T15:09:44","modified_gmt":"2026-08-28T12:09:44","slug":"us-employment-report-for-august-to-keep-interest-high","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ko\/us-employment-report-for-august-to-keep-interest-high\/","title":{"rendered":"US employment report for August to keep interest high"},"content":{"rendered":"
USD \u2013 August\u2019s employment report to shake the USD<\/h2>\n\n\n\n
The upcoming speech of Fed Chair Warsh, later today, is expected to provide some further clues about the Fed\u2019s intentions.<\/p>\n\n\n\n
In the coming week we highlight the release of the US employment report for August, next Friday. Worries for the US employment market were somewhat enhanced as in the past month the NFP figure unexpectedly dropped into the negatives.<\/p>\n\n\n\n
In next week\u2019s release the NFP figure is expected to be in the epicenter of attention for the markets and should the actual figure fail to reach the market\u2019s expectations, we may see market participants be disappointed. At the same time we also highlight the unemployment rate as another factor affecting the market\u2019s reaction.<\/p>\n\n\n\n
Overall should the report show that the US employment market is looser than expected we may see the USD retreating while US equities and gold\u2019s price may get some support.<\/p>\n\n\n\n
Conversely, should the US employment report show a tighter than expected US employment market in August, we may see market\u2019s expectations for the Fed to tighten its monetary policy being enhanced and thus providing support for the USD, while at the same time weighing on US equities and gold\u2019s price.<\/p>\n\n\n\n<\/figure>\n\n\n\n
GBP \u2013 Fundamentals to lead the Sterling<\/h2>\n\n\n\n
In the coming week, the calendar is rather empty from UK high impact financial releases.<\/p>\n\n\n\n
On a monetary level, market expectations are for BoE to remain on hold in its September meeting, yet a rate hike is marginally priced in currently for the October meeting, providing a slightly hawkish outlook for BoE. Any hawkish signals could provide some support for the pound and vice versa.<\/p>\n\n\n\n
On a political level, we note that next week, the UK Parliament resumes its sessions, after the summer holidays, and pound traders will be searching on how the new UK\u2019s Government, under Andy Burnham now, intends to fund its rather ambitious fiscal policy.<\/p>\n\n\n\n
Should we see signs of an expansionary fiscal policy being laid upon sound financing plans, we may see the pound getting some support, while a p]possible disappointment could weigh on the GBP.<\/p>\n\n\n\n<\/figure>\n\n\n\n
JPY \u2013 Fiscal and Monetary Policy Remain at the Epicenter of Attention<\/h2>\n\n\n\n
The effects of the joint US-Japanese market operation aimed at supporting the yen appear to be holding, at least for now, with JPY maintaining some of its recent strength. On the macroeconomic front, there are no major financial releases scheduled for the coming week, shifting attention primarily toward fundamental developments.<\/p>\n\n\n\n
On the inflation front, signs of persistent price pressures remain evident. A weak yen continues to raise the cost of imports, particularly energy products, adding further pressure on the Bank of Japan (BoJ) to tighten monetary policy.<\/p>\n\n\n\n
On the monetary policy front, the BoJ Deputy Governor recently adopted a hawkish tone, calling for a \u201ctimely\u201d rate hike. However, the lack of more specific guidance may limit the impact of those comments. Nevertheless, expectations for a rate hike at the September meeting could continue to build, with such a scenario already partially priced in by the markets.<\/p>\n\n\n\n
We will therefore be watching closely for any additional hawkish signals from BoJ policymakers in the coming week, as these could provide further support for the yen.<\/p>\n\n\n\n<\/figure>\n\n\n\n
EUR \u2013 August\u2019s preliminary HICP rates in focus<\/h2>\n\n\n\n
EUR traders in the coming week are expected to keep a close on the release of Germany\u2019s and the Euro Zone\u2019s preliminary HICP rates for August on Monday and Tuesday.<\/p>\n\n\n\n
![\"US](\"\/wp-content\/uploads\/2026\/08\/US-employment-report.png\")
<\/figure>\n\n\n\n![\"UK](\"\/wp-content\/uploads\/2026\/08\/UK-Nationwide-HPI.png\")
<\/figure>\n\n\n\n![\"Japan](\"\/wp-content\/uploads\/2026\/08\/Japan-Industrial-output.png\")
<\/figure>\n\n\n\n![\"Euro](\"\/wp-content\/uploads\/2026\/08\/Euro-Zone-HICP-rates.png\")
<\/figure>\n\n\n\n![\"Australia](\"\/wp-content\/uploads\/2026\/08\/Australia-GDP-rates.png\")
<\/figure>\n\n\n\n![\"Canada](\"\/wp-content\/uploads\/2026\/08\/Australia-GDP-rates-1.png\")
<\/figure>\n\n\n\n