Tomorrow is the first Friday of the month, which usually means non-farm payrolls. The US jobs report for March is due for release at 8:30 a.m. EDT.Continue
Added by Curt Wehrley on April 5, 2013 at 4:37am — No Comments
BBH - "The January nonfarm payrolls 157k increase was in line with expectations, but the back month revisions were worth another 127k and average hourly earnings rose 0.2% a bit more than expected. The risk in the unemployment rate to 7.9% from 7.8% reflects two things--the participation rate and the incorporation of new census data.
The revisions mean that the economy created a net 196k jobs in December and 247k in November.
(...) The forces that are driving the fx market--the…
Added by Francesc Riverola on February 1, 2013 at 2:23pm — No Comments
US job creation is just barely keeping pace with population growth, yet America's labour market has managed to escape its summer doldrums. The latest monthly employment report from the BLS showed job growth spread across multiple industries plus signs of optimism in the jobless ranks.
The headline figure from the October US non-farm payrolls (NFP) report beat the consensus forecast (based on a…Continue
Added by Curt Wehrley on November 3, 2012 at 10:20pm — No Comments
The key figure from US Bureau of Labor Statistics establishment survey -- the number that typically draws the most trader attention -- was no surprise. The report showed a relatively modest 114,000 increase in US non-farm payrolls (NFP) in September, nearly matching the consensus forecast of 115,000 derived from a recent Bloomberg survey.…Continue
Added by Curt Wehrley on October 8, 2012 at 1:58am — No Comments
A lower-than-expected headline figure from the August NFP report added to speculation that the US central bank would announce another easing program at next week's FOMC meeting. The EUR/USD currency pair established a new 15-week high just above the 1.28 level before the end of the European trading week.
Added by Curt Wehrley on September 10, 2012 at 2:55am — No Comments
My latest pick for currency market Trade of the Week (TOTW) wasn't even the biggest intra-day move on the world's most heavily traded currency pair [by volume] over the past five trading days. However, a net 140-pip rise on the EUR/USD is significant during any trading session, and the pair's price action following the July US employment report offered what was arguably the best year-to-date post-NFP trade.
As I mentioned in…Continue
Added by Curt Wehrley on August 5, 2012 at 1:50pm — No Comments