U.S. jobs report
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
