Archive for May 7th, 2021

Foreign Exchange Insights and Next Week

Next Week’s Menu: May 8 – 14, 2021

May 7, 2021

Central Banks: Monetary policies will be reviewed by central banks in Serbia, Mexico, Peru, Chile, Romania and the Philippines. NY Fed President Williams, Bank of England Governor Bailey, and Bank of Canada Governor Macklem are among the central bankers who will be speaking publicly. A summary of the latest BOJ Board meeting and ECB Governing […] More

Deeper Analysis

U.S. Jobs Report Delivers Biggest Forecasting Miss Ever

May 7, 2021

A net 266k non-farm jobs were added in April, more than 700k less than predicted. The 144.3 million level of employment remains nearly 50 million below the extended trendline of jobs growth occurring in the two decades between end-1979 and Y2K. Fed officials are right to believe that America is still far from what used […] More

New Overnight Developments Abroad - Daily Update

Lots of Other Data to Digest While Waiting for U.S. April Jobs Report

May 7, 2021

The dollar, down a mere 0.1% overnight, and the 10-year Treasury yield — unchanged at 1.57% — have beenĀ  marking time ahead of the U.S. Labor Department’s monthly jobs report, which is expected to reveal a 0.1-0.2 percentage point drop in unemployment, another large jump in employment of close to 900k, but tepid wage pressure. […] More