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NFP report misses big time

NFP report grossly disappointed. Headline Non-Farm Employment Change figure came in at just 38K which is the worst since May 2011 (25K). In addition, April number was revised down by 37K. Unemployment Rate dropped to 4.7% from 5.0% but on the back of Participation Rate falling to 62.6% from 62.8%.
U.S. dollar lost 100 - 200 pips across the board and that was later exacerbated by a much weaker than expected ISM Non-Manufacturing PMI number. A summer rate hike seems very unlikely at this point unl…
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AUD Unemployment Up Next

All eyes are on the Australian Dollar as it is set to release it's Unemployment Rate later in the Asian Session.
Unlike it's counterpart New Zealand, the labor market has faired better than expectations. Earlier this year the RBA had commented that they expected this number to peak at 6.5% - a number which is yet to be seen.
As well, a few weeks back, the RBA released a monetary policy statement that seemed rather hawkish. No major concerns were mentioned. Essentially the view was that they were…
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NFP - The State of US Labor Market

Due to the 4th of July US holiday, the NFP report will be release 1 day earlier and not the usual first Friday of the month.
The market forecast for today's reading has quite a big rage starting from as low as 231k to as high as 270k down from previous reading of 280k. The only thing stable and where there is a consensus is for the unemployment rate to drop from 5.4% down from 5.5%.
Despite the recent global turmoil the US job market is quite strong as over the past months we had 15th times rea…
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NFP - The State of the US Labor Market

The market has been exceptionally active since beginning of the year. This higher volatility is not exclusively showing up only on the FX market as other assets classes are exhibiting the same kind of volatility. This higher volatility are having an impact on how the market interprets the economic data as they become more important and the market more sensitive to any deviation from market forecasts.
Even thought NFP is an important market mover this volatility environment makes it even more imp…
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Jackson Hole Symposium. Why it Matter?

Jakson Hole is an economic symposium conference that has been hold each year since 1978 by the Federal Reserve Bank of Kansas City. For more than three decades this economic symposium has been gathering together Finance ministers, central bank presidents and academics from around the world. Jackson Hole theme for Aug. 21-23 2014 will be "Re-Evaluating Labor Dynamics".
Unfortunately many Wall Streeters and other private-sector economists have not been invited anymore signaling a shift from prev…
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taxi_driver avatar

Thanks for posting!

ANABEVZ avatar
ANABEVZ 21 Aug.

interesting..

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Important data for NZD coming up this evening

Data releases out of NZ today could determine direction of Nzd crosses
I am long Nzd, and have been since the beginning of the contest,
I am holding a long Nzd/Usd, a long Nzd/Cad and a long Nzd/Chf now,
and have a short Aud/Nzd and a short Gbp/Nzd waiting
At the moment the Nzd is showing a bit of weakness, especially in nzd/Usd
maybe a pullback or concern ahead of the ISM non-manufacturing PMI figures release
due in about an hour - a strong data release may push Usd up - we shall see
This eveni…
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What to Expect For Non-Farm Payrolls

There is no better way to start the new trading month contest but with such a big risk event like NFP figures.
For sure this is quite a big opportunity to make a quick buck, but we have to take in consideration the downside as well as if you're trading full size your account balance can be wiped out from the first day, if you're using limit orders you may not get a fill and if you're using market orders you can get quite a big slippage.
But no doubt even in this environment you can make money a…
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Prepering the Week Ahead


The main risk event of the week ahead will be definitely the FOMC minutes. Previous meeting came out pretty much in line with market expectation with Yellen making the case that rates are going to stay low for a considerable time after QE ends in Q4. But lets not forget her comments from few months ago where she explicitly said that rates are going to go higher "6 months after QE ends" but this is just a standard talking from CB, this double talking makes the market not be skewed in just one si…
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U.K. Unemployment Rate Drops to 5 Year Low

Relatively healthy labor market numbers and more specifically the decline in the unemployment rate drove the GBP higher versus the USD and EUR. EUR/GBP dropped to its lowest level since January 2013 and is now within 20 pips of its 17-month low. Jobless claims fell by 27k in the month of May, driving the unemployment rate from 6.8% down to 6.6%, a 5 year low. While GBP continues to outperform thanks to the improvements in the labor market and the economy overall, without a rise in wage growth…
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NFP, Jobs Report

Today is a big day in term of risk events as we have the job report. The labor market seems to be picking up as the recent bad weather effect on the market is fading away and the job market has start picking up.
Market participants will pay close attention to this figures especially after Yellen has introduced the new qualitative forward guidance and employment data has become an indicator of economic growth.
This NFP report has a great potential of being a big market moving after later this wee…
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