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A soft ISM services report could truly turn the market
The US dollar has completely reversed the non-farm payrolls number and more. At the top of the hour we get the December ISM srevices report, which is expected to tick down to 52.6 from 52.7.Remember, the jobs report is a lagging indicator while the ISM services report...
Mixed open as the market rethinks the jobs report a bit
Stocks moved lower after the "stronger" US jobs report, but there has been a reevaluation after looking at some of the details (see Adam's post here). Is it more of a Goldilocks scenario vs too strong as initially thought? Having said that, the market has to get over...
Why US dollar gave back all the non-farm payrolls gains
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US dollar was higher but backs off as the market reevaluates the US jobs data
The initial reaction in the US dollar was to the upside after non-farm payroll rose by 216 K versus 170K expected. However, looking at previous two months of revisions, the number may not be as strong. Those revisions showed a decline of -71K. The October number was...
Canada December employment 0.1K versus 13.5 K estimate
Canada permanent wages spikes higherPrior month +24.9KUnemployment rate 5.8% versus 5.9% expected. Prior unemployment rate 5.8%full-time employment -23.5 K versus 59.6K last monthpart-time employment was 23.6 K versus -34.7K last monthaverage hourly wages permanent...
US November non-farm payrolls +216K vs +170K expected
Non-farm payrollsPrior +199K (revised to +173K)Two-month net revision -71K vs -35K priorUnemployment rate 3.7% vs 3.8% expectedPrior unemployment rate 3.7%Participation rate 62.5% vs 62.8% priorU6 underemployment rate 7.1% vs 7.0% priorAverage hourly earnings +0.4%...
What are the key levels in play for the EURUSD, USDJPY and GBPUSD through the US jobs ?
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Locked and loaded for the December edition of non-farm payrolls
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The USD is the strongest and the JPY is the weakest as the North American session begins
The strongest to weakest of the major currenciesAs the North American session begins, the USD is the strongest and the JPY is the weakest. The market awaits the dual jobs reports. Both the US and Canada jobs reports will be released at 8:30 AM ET. The following is...
ForexLive European FX news wrap: Dollar up alongside yields ahead of NFP
Headlines:Markets:USD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields up 4.3 bps to 4.034%Gold down 0.2% to $2,038.74WTI crude up 0.6% to $72.60Bitcoin down 1.1% to $43,980For once, it wasn't that quiet of a day as we...
PBOC preaches prudent monetary policy, to keep liquidity reasonably ample
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/CAD seen at 1.30 at year-end – Reuters poll
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China says that cooperation with US is ‘no longer a dispensable choice’ for the world
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Equities can’t get off the floor in trading this week
European indices are down roughly 1% now as stocks are struggling to stay afloat once again. The push lower comes as 10-year Treasury yields are at session highs, up 4.7 bps to 4.038% as bond sellers look to validate a break above the 4% mark on the week. US futures...
Eurozone December preliminary CPI +2.9% vs +3.0% y/y expected
Prior +2.4%Core CPI +3.4% vs +3.5% y/y expectedPrior +3.6%Headline annual inflation may show a jump in price pressures but core annual inflation actually eased slightly further in December to 3.4%, down from 3.6% in November. As such, this still reaffirms the ECB's...
USA100 Close To Its Worst Week In A Year Ahead Today’s NFP!
US employment data expected to influence US stocks, the Dollar, and Commodities. Analysts expect the US to have added a further 168,000 employed persons and the Unemployment rate to rise to 3.8%. The USA100 is close to completing its worst week in over 12 months as...
UK December construction PMI 46.8 vs 46.0 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
What does 2024 hold for the cryptocurrency market?
Despite many predictions, Bitcoin failed to break the $100,000 barrier last year. However, it would be wrong to say that the previous 12 months have been bad for the sector.Even with SEC investigations into cryptocurrency exchanges and a general tightening of...
Dollar keeps firmer with US jobs report in focus
The push higher is helped by higher bond yields on the day, with 10-year Treasury yields up 3 bps to 4.021% at the moment. Traders are paring back some of the aggressive rate cut bets in general. Here's a look at the change in the totality of rate cuts priced in for...