{"id":77966,"date":"2026-02-09T17:27:59","date_gmt":"2026-02-09T06:27:59","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=77966"},"modified":"2026-02-09T18:20:08","modified_gmt":"2026-02-09T07:20:08","slug":"trade-cable-on-the-non-farm-payroll-data-release","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/trade-cable-on-the-non-farm-payroll-data-release\/","title":{"rendered":"Trade Cable on the Non-Farm Payroll Data Release"},"content":{"rendered":"\n

For those odds to increase the market \u2013 and indeed the FOMC \u2013 would have to see either a sharp decrease in the jobs market, or inflation come down significantly, or a combination of the two. This week could see some movement and the initial focus will be on Wednesday\u2019s jobs numbers. The headline Non-Farm Employment Change is expected to show a 70k increase in jobs in January with the Unemployment Rate remaining steady at 4.4% and the Average Hourly Earning increasing by 0.3%. Anything +\/-30k on the Non-Farms or a +\/- 0.2% on the Unemployment Rate should see those rate cut expectations change and the dollar move significantly.<\/p>\n\n\n\n

Cable is setting up nicely for moves on the back of the data this week with little on the calendar from the sterling side of the equation. Having peaked just under 1.3900 late in January, it is now sitting close to mid-range and therefore could test either side if the data comes in off expectation. A stronger result should see it fall to test the 200-day moving average around 1.3430 while a weaker number could see those recent highs come into play again.<\/p>\n\n\n\n

Resistance 2: 1.4248 \u2013 2021 High<\/p>\n\n\n\n

Resistance 1: 1.3867 \u2013 2026 High and Trendline Resistance<\/p>\n\n\n\n

Support 1: 1.3430 \u2013 200-Day Moving Average<\/p>\n\n\n\n

Support 2: 1.3275 \u2013 Trendline Support<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

For those odds to increase the market \u2013 and indeed the […]<\/p>\n","protected":false},"author":8,"featured_media":77967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[462],"tags":[],"class_list":["post-77966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/77966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=77966"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/77966\/revisions"}],"predecessor-version":[{"id":77970,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/77966\/revisions\/77970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/77967"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=77966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=77966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=77966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}