Friday’s payrolls report from the Bureau of Labor Statistics showed another month of solid job growth. According to official data, the US economy added 161k jobs in October. This was lower than the median forecast estimates of 174k. But previous revisions to August and September payrolls saw a combined increase of 44k, putting September’s payrolls … “US October payrolls give impetus for a rate hike in”
Category: Opinions
Trading The US Elections: Targets For Equities, Rates, FX,
Election day is today and everything is ready. Here is our full guide, video guide, and all the updates. And here is the view from TD: Here is their view, courtesy of eFXnews: We provide a brief cheat sheet for the timeline and key issues to watch on election night, as well as our views on … “Trading The US Elections: Targets For Equities, Rates, FX,”
NFP opens wide open door to December hike – two opinions
The jobs report was quite good, especially regarding salaries: the biggest y/y gain since 2009. Here are two opinions: Here is their view, courtesy of eFXnews: Oct NFP: ‘Enough Here To Be Hawkish In Terms Of Fed Expectations’ – CIBC US employment data for October helped nudge us one step closer to a Fed hike in December, as the … “NFP opens wide open door to December hike – two opinions”
EUR/USD: Trading the US Nonfarm Employment Change
US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. Update: Non-Farm Payrolls at … “EUR/USD: Trading the US Nonfarm Employment Change”
GBP/USD ready to rock on Carney? Two opinions
The British pound managed to stabilize after the big flash crash, but hasn’t taken full advantage of the dollar’s pre-election slide. But will the Bank of England unleash sterling’s potential? Here is their view, courtesy of eFXnews: GBP: BoE’s Carney To ‘Talk Up’ GBP On Thursday – Credit Agricole This week’s inflation report will attract … “GBP/USD ready to rock on Carney? Two opinions”
FOMC slightly hawkish – Two opinions
The Fed made its best effort not to rock the boat, but perhaps took a small step towards raising rates in December. This is one of the reasons for a potential greenback comeback. Here are two explanations about why Yellen and her colleagues took a hawkish step: Here is their view, courtesy of eFXnews: Nov FOMC: A … “FOMC slightly hawkish – Two opinions”
FOMC unexpected to rock the boat – three opinions
The November Fed decision is not expected to make huge changes before the elections and as no press conference is scheduled. Here are three opinions: Here is their view, courtesy of eFXnews: Nov FOMC: No Surprise; Little Change Only In First Paragraph – Nomura We expect the FOMC to leave the federal funds rate target range unchanged … “FOMC unexpected to rock the boat – three opinions”
Short AUD/JPY Or CAD/JPY Remain Good Proxy Hedges To US
The US elections are less than a week away, with worries of a Trump victory hurting the US dollar. The team at TD moves away from the greenback to the safe haven yen vs. commodity currencies: Here is their view, courtesy of eFXnews: The US election has also captured market participants attention recently. The chart … “Short AUD/JPY Or CAD/JPY Remain Good Proxy Hedges To US”
GBP/USD: Trading the British Services PMI
UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 … “GBP/USD: Trading the British Services PMI”
EUR vulnerable if Angela Merkel hangs the towel –
EUR/USD enjoyed the FBI Effect and moves on Draghi as well. But what about German politics? The team at Deutsche Bank analyzes the political risk coming from the euro-zone’s largest economy: Here is their view, courtesy of eFXnews: The market may be underestimating the risk of German Chancellor Merkel deciding not to run again in the … “EUR vulnerable if Angela Merkel hangs the towel –”