U.S. jobs report

Ahead of an Important U.S. Jobs Report

February 7, 2014

Overnight movements in the dollar have been limited to dips of 0.1% against the loonie and sterling and upticks of 0.3% versus the Aussie dollar and 0.1% vis-a-vis the yen and euro.  The dollar is also unchanged against the kiwi, yuan and Swiss franc. Share prices in the Pacific Rim climbed 2.2% in Japan, 1.6% […] More

Whipsawed by Fed, ECB, and Then U.S. Labor Statistics

May 3, 2013

It’s been a week full of surprises but ultimately accentuating Europe’s relatively dismal outlook. The Fed on Wednesday left its policy guidance unchanged and affirmed the data-driven algorithms that will dictate future decisions.  While the ADP private jobs estimate that day was disappointing, new jobless insurance claims out Thursday of 324K, a 5-year low, and […] More

U.S. Service-Sector Purchasing Managers Survey Advantage Widened Last Month Versus Ezone

January 4, 2013

The U.S. and Ezone service-sector purchasing manager survey results for December were released today.  Each improved significantly from November readings. The U.S. 56.1 reading was 1.4 points better than in November and above the 50 no change threshold and also above 55.0 for the first time in nine months.  Analysts had mistakenly expected the index […] More

Dollar Strengthens on FOMC Minutes

January 4, 2013

FOMC minutes released Thursday afternoon in the United States have created new doubt about how long quantitative easing will be sustained, as such revealed split opinion among policymakers.  More than a few expressed mounting concern about the difficulty of eventually reducing the balance sheet and felt it would be prudent to end QE before December […] More

Markets Reacting Well to Draghi Unlimited Yet Conditional Bond Buying Commitment

September 7, 2012

Equities in the Pacific Rim jumped by 4.5% in China, 3.1% in Hong Kong, 2.6% in South Korea, 2.2% in Japan, 2.0% in India, 1.0% in Indonesia and the Philippines, and 0.8% in Australia and Singapore.  Australia’s market only firmed 0.3%, by comparison.  In Europe, stocks are up 2.2% in Italy, 1.1% in France, 0.9% […] More

Poor European PMI Results Reported as Markets Now Await U.S. Jobs Data

May 4, 2012

April purchasing managers readings strongly suggest the Euroland entered the second quarter still in recession. Japan was closed for Greenery Day, another part of the Golden Week holidays. Analysts are forecasting a 170K increase in U.S. non-farm payroll jobs and an unchanged 8.2% unemployment rate.  Figures are due at 08:30 EDT (12:30 GMT). Beyond the […] More

Greek Public Sector Involvement Debt Swap Secures 95.7% Participation

March 9, 2012

The dollar is trading higher by 0.5% against the euro, 0.4% versus the Swissie, 0.3% relative to the Canadian and Australian dollars, and 0.2% versus the yen, kiwi and sterling.  The yuan is steady and softer than 6.3100 per dollar. Share prices advanced solidly in Asia but show scant net change in Europe.  Equities climbed […] More

U.S. Non-Farm Payroll Jobs and the Dollar

January 7, 2010

The monthly U.S. jobs report is arguably the most newsworthy economic data release and in theory carries the potential to move the dollar strongly.  Ordinarily, one would expect a weak report, meaning one in which employment does not expand much or expands less than analysts forecast, to depress the dollar, and vice versa.  However, the […] More

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