Craig Erlam, UK & EMEA, OANDA

Craig Erlam, UK & EMEA, OANDA

5Sep_Craig_5.45PM

5 September 2022
Market View: US non-farm payrolls report, Russia's Gazprom cutting gas supplies , market reaction and Bitcoin:
US non-farm payrolls rose 315,000 in August, a little lower than the 318,000 expected by Dow Jones economists, but will the data is enough for the Fed to change their minds on a jumbo rate hike come September? At the same time, Russia’s Gazprom has announced an indefinite shutdown of its key Nord Stream 1 pipeline to Germany after G7 countries agreed to impose a price cap on Russian oil. Have this foreshadowed the positive sentiments over the US jobs report? And in currency news - the Yen has crossed the psychological 140 mark against the dollar. Bitcoin, meanwhile, falling below the US$20,000 support level. Where will the Yen and Bitcoin move in the near term? On Market View, Prime Time's finance presenter Chua Tian Tian broke down the market action with Craig Erlam, Senior Market Analyst, UK & EMEA at OANDA.

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