December payrolls rose 103,00, well below the consensus, 150 000 and my initial ‘guesstimate of 160,000, and far short of the 297,000 ADP number. The net revision was +70,000, though. Unemployment fell unexpectedly to 9.4% from 9.8%, and hourly earni...... (Continue reading)
The US dollar fluctuated after the release of jobs report which showed improvement for the third month in December. The report revealed that non-farm payrolls soared by 103,000 last month compared with the revised increase of 71,000 in November, yet... (Continue reading)
The highly-anticipated employment report is having relatively little impact on the market at the end of a volatile week. New Year optimism was boosted by ever-strengthening domestic economic data and crowned by December’s ADP report read by many as a...... (Continue reading)
Summary: US non-farm payrolls came in lower than expected at 107K jobs gained, though the unemployment rate did decline to 9.4%. The mixed report gave the market some indecision, but overall the tone was a weaker USD, with commodities recovering... (Continue reading)
In The News The U.S. dollar dropped after a disappointing and confusing report on non-farm payrolls. The U.S. added just 103K jobs in December compared to the 150K ‘consensus’ and market expectations that were around 200K. The bright spot was... (Continue reading)
Outlook Today we get payrolls and the next three hours, like the last 18, will be dominated by it. We always advise that smaller traders do nothing on this one day of the month—it almost always delivers a surprise and... (Continue reading)
Sterling seems to be playing the proverbial tortoise to the euro’s hare this week, even after the disappointing Purchasing Manager Index of yesterday, which saw the figure drop to 49.7 from 53.0, the rate continued to creep up. As expected... (Continue reading)
Heading into today’s key employment release the market is primed for excessive volatility due to general optimism from market participants. Wednesday’s ADP number showed the U.S economy added 297k private sector jobs last month, and despite a sligh...... (Continue reading)
FX Market Overview Yesterday might not have felt momentous but believe me it was. You perhaps missed the Euro- US Dollar exchange rate falling through major support; perhaps you were absorbed by the trifling matter of England winning the Ashes... (Continue reading)
Headlines Currencies: Spread widening may weigh on CEE currencies Fixed Income: Czech industrial output surprises on the upside Czech Republic The Czech koruna has completely reversed losses posted during the Christmas holidays . The EUR/CZK currency p...... (Continue reading)