Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

We offer a superior trading environment that puts traders in the best position to profit.

Get a 50% Bonus up to $250 *Limited-Time Offer

Easy Access to 1,400+ Global Assets

EURUSD

Euro vs U.S. Dollar

US500

S&P 500 (US500)

GOLD

Gold

COFFEE

US Coffee

Apple

Apple (AAPL.OQ)

Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军

Awarded BestBrokerYear After Year

location: Home > News > market analysis

XM Forex Trading Platform

News

market analysis

U.S. labor force data cools, analysis of Fed policy shift and market fluctuations

Wonderful introduction:

You don’t have to learn to be sad in your youth. What xmxyly.comes and goes is not worth the time. What I promised you, maybe it shouldn’t be a waste of time. Remember, the icy blue that stayed awake all night, is like the romance swallowed by purple jasmine, but the road is far away and the person has not returned. Where does the love stop?

Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmxyly.commentary]: U.S. labor force data is cold, the Fed's policy changes and market fluctuations analysis." Hope this helps you! The original content is as follows:

From the challenger layoff data in October to the private ADP data released yesterday, recent U.S. data have continued to hit the U.S. labor market, significantly raising market concerns about the U.S. labor market. Increasing market expectations for the Federal Reserve to shift to a more easing policy are putting significant downward pressure on the U.S. dollar in the global foreign exchange market. The data indicates that the Federal Reserve's monetary policy may turn around. xmxyly.combined with the U.S. government's possible recovery from the shutdown, this will have a profound impact on investors and consumers.

Suddenly weak labor force data in the United States

The "strong" narrative of the U.S. labor market has recently been challenged by a series of economic indicators. These data collectively point to a significant cooling of the market, further consolidating the core logic of the Federal Reserve's interest rate cut in December 2025.

The latest data paints a clear picture of a weakening job market, in sharp contrast to previous market expectations for continued strength.

The core data driving this shift include the ADP report: In the four weeks ending October 25, 2025, U.S. private employers cut an average of 11,250 weekly jobs.

Affected by the recent U.S. government shutdown, the official report of the U.S. Bureau of Labor Statistics (BLS) was delayed, and the market weight of this private sector data increased significantly.

What is even more alarming is that the October 2025 non-agricultural employment report showed that only 150,000 new jobs were created, which was lower than market expectations.

To make matters worse, the challenger xmxyly.company layoff report in October 2025 showed that the number of layoffs in that month was as high as 153,074, a record high in a single month since 2003. It was also the first time after the global financial crisis in 2009 (excluding 22020) The peak of annual cumulative layoffs.

The NFIB small business optimism index in the United States fell to a six-month low in October, further confirming the weakness of the labor market.

Labor force data suggests that the Federal Reserve may continue to cut interest rates in December

In the past few months, signals of economic slowdown have gradually accumulated. The Federal Reserve has maintained a hawkish stance for a long time and has adopted multiple rounds of interest rate hikes to xmxyly.combat inflation.

However, from the late summer to early autumn of 2025, signs of economic weakness have emerged: the manufacturing and service PMIs have fallen into a contraction range, and the growth rate of consumer spending has slowed. A series of weak labor force data starting in October became a key turning point, and market sentiment xmxyly.completely turned to the Fed's policy easing.

Core participants include the Federal Open Market xmxyly.committee (FOMC). Chairman Jerome Powell has previously warned the market not to bet on interest rate cuts prematurely, but the continued influx of weak economic data has shifted the focus of policy to concerns about employment and economic growth.

Analysts and economists from Goldman Sachs Research and other institutions are currently predicting an interest rate cut in December. The core basis is that there are "substantial" signs of weakness in the U.S. job market.

The initial market reaction was swift and violent. According to the CME Group Fed Watch Tool (CMEFedWatchTool), the probability of a 25 basis point interest rate cut in December 2025 has soared to the 67%-70% range, a significant jump from previous forecasts.

The Federal Reserve has previously cut interest rates by 25 basis points twice in September and October 2025, with a clear trend of easing. The U.S. dollar index (DXY), which measures the U.S. dollar against six major currencies, has fallen to a two-week low and has been under pressure for several consecutive trading days.

The core driver of the overall weakening of the U.S. dollar is that the market perceives the decline of U.S. economic momentum and the increased probability of interest rate cuts, prompting funds to be reallocated to economies with stronger economic prospects or higher real yields.

The impact of the U.S. dollar index on businesses

The rising probability of the Federal Reserve cutting interest rates and the weakening of the U.S. dollar have had a differentiated impact on listed xmxyly.companies, and various industries have shown obvious profit and loss differentiation.

xmxyly.companies with large-scale international operations, high reliance on financing, and export-oriented industries are particularly sensitive to the above changes.

Potential beneficiaries: xmxyly.companies with a high proportion of overseas revenue (especially entities that sell goods and services overseas) will directly benefit from the weakening of the U.S. dollar.

In the context of the depreciation of the U.S. dollar, overseas earnings have expanded in scale after being converted into U.S. dollars, directly increasing financial profits. This covers large multinational xmxyly.companies in the fields of technology such as Apple and Microsoft, industry such as Caterpillar, and consumer staples such as Procter & Gamble. In addition, Meiguo xmxyly.companies with heavy debt burdens will receive dividends from falling financing costs. For real estate, public utilities and highly leveraged growth xmxyly.companies, lower borrowing costs will directly improve profitability and may release funds for investment expansion.

Potential losers: On the contrary, xmxyly.companies that focus on imported goods or raw materials will face upward cost pressure, and the weakening of the US dollar will lead to an increase in the cost of purchasing overseas goods.

Retailers and manufacturers that are highly dependent on imported parts and xmxyly.components will have their profit margins squeezed (such as some clothing retailers and electronics assembly xmxyly.companies).

In addition, xmxyly.companies that use the U.S. dollar as their main revenue currency but have a large number of foreign currency-denominated costs will face exchange rate hedging pressure. If interest rates fall rapidly, the net interest margins of financial institutions, especially banks such as JPMorgan Chase and Bank of America, will be squeezed and their lending profitability will decline.

Although low interest rates may stimulate borrowing demand, the rapid narrowing of interest rate spreads will xmxyly.compress the scissor difference between bank loan income and deposit costs.

The degree of impact of a specific xmxyly.company also depends on its own financial structure, hedging strategy and product demand elasticity.

The overall significance of the weakening of the U.S. dollar

The current economic node is characterized by a weak U.S. labor market and a surge in the probability of the Federal Reserve cutting interest rates. It has important overall significance and has broad resonance in the global financial market and economic policy fields.

This incident is in line with the general trend of global central banks seeking a balance between fighting inflation and supporting economic growth, especially after a period of aggressive monetary tightening.

The Federal Reserve’s potential easing turn may trigger a chain reaction among xmxyly.competitors and partners around the world. Major central banks that are also facing inflationary pressures, such as the European Central Bank (ECB) and the Bank of England (BoE), may face pressure to follow suit if the Fed initiates easing.

The direct impact of the above-mentioned events was particularly prominent in the foreign exchange market, with the US dollar (USD) weakening across the board against a basket of major currencies.

Usually a weaker U.S. dollar will drive the U.S. dollar against the Japanese yen (USD/JPY) exchange rate downward, but the Bank of Japan (BoJ) continues to maintain loose monetary policy, making the exchange rate trend more xmxyly.complicated.

Traders are currently paying close attention to the key resistance level of the US dollar against the yen. The game between the Federal Reserve's potential easing stance and the Bank of Japan's extreme easing policy has created a market environment with severe volatility and heightened uncertainty

A globally coordinated or phased easing cycle is expected to increase liquidity in the financial market and push asset prices upward, but it may also trigger concerns about a rebound in inflation in the future. For emerging markets, a weaker U.S. dollar usually means a reduction in U.S. dollar-denominated debt burdens or attracts capital inflows, but rapid appreciation of the local currency may also trigger the risk of imported inflation.

Historical experience shows that significant weakness in the labor market often precedes or is accompanied by an economic recession

xmxyly.comparing the current situation with historical precedents such as the bursting of the Internet bubble in 2001 and the global financial crisis in 2008, it can be seen that there are similarities in the logic of the Federal Reserve's response to economic deterioration, but each cycle is unique.

Unlike in the past, the core feature of the current environment is that although inflation has eased, it is still sticky, which makes the Fed's decision-making significantly more difficult.

The Fed’s core challenge is to achieve a “soft landing”—lowering inflation without triggering a severe recession, a goal that has rarely been successful in history. The current situation highlights the dynamic evolution of economic challenges,and the ongoing adaptation required by policymakers.

Summary: Navigating Uncertainty in a Changing Situation

The xmxyly.combination of recent weak labor force data in the United States and rising expectations of an interest rate cut by the Federal Reserve in December 2025 may bring the financial market into a critical turning point.

The Federal Reserve’s policy trajectory has clearly shifted from hawkish to fight inflation to dovish to stabilize growth. This shift has begun to reshape the foreign exchange market. The U.S. dollar has weakened across the board. However, the Bank of Japan’s continued easing policy has given rise to a unique operating logic for exchange rate pairs such as the U.S. dollar against the Japanese yen.

Looking forward, the market will operate in an environment of escalating uncertainty. The core driving factors include the direction of monetary policy, economic data performance and the impact of global events.

Investors need to xmxyly.comprehensively assess the exposure of their investment portfolios to interest rate and exchange rate fluctuations: industries such as technology and industry with a high proportion of overseas earnings may benefit from a weaker U.S. dollar, while importers and some financial institutions may face pressure.

Overall, the market is preparing for a potentially low financing cost and high liquidity environment, but it is also digesting the potential economic vulnerability reflected in the labor market.

The long-term impact of the above-mentioned events depends on three core factors: the actual pace and extent of the Federal Reserve's interest rate cuts, the policy responses of other major central banks, and the resilience of the global economy.

Achieving a "soft landing" for the Federal Reserve will be full of challenges. In the xmxyly.coming months, investors will need to focus on the continued release of U.S. labor market data and inflation reports, as well as the Federal Reserve's official statements and forecasts; any changes in the Bank of Japan's policy stance will also become key guidance for foreign exchange trading.

This period requires market participants to have a deep understanding of macroeconomic forces and be able to flexibly adjust investment strategies according to the rapidly evolving financial landscape.

The above content is all about "[XM Foreign Exchange Market xmxyly.commentary]: U.S. labor force data is cold, Fed policy shift and market fluctuation analysis". It is carefully xmxyly.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!

In fact, responsibility is not helpless or boring, it is as gorgeous as a rainbow. It is this colorful responsibility that creates the wonderful life we have today. I will try my best to organize the article.

Unless otherwise specified, all articles are original creations of this websiteIf reproduced, please indicate the source: XM Forex

Article address:https://xmxyly.com/en/news/52601.html

Previous：The gold change window is open! Institutions are quietly making arrangements, and retail investors are paying close attention to these three signals. Next：The Federal Reserve’s “Civil War” escalates! Interest rate cut in December?

Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.

All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.

All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here

Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

U.S. labor force data cools, analysis of Fed policy shift and market fluctuations

Related News

Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

U.S. labor force data cools, analysis of Fed policy shift and market fluctuations

Related News

The Most Awarded Broker
for a Reason