Dollar – Finally a Good Jobs Number Before this morning’s labor market numbers were released, many Fed officials including Dudley and Yellen pledged to continue to taper, saying it would take a significant change in the economic outlook to veer the central bank off its course. With non-farm payrolls rising 175k in the month of February, up from 129k, there’s no question that the Fed will taper by another $10 billion this month but they also have more flexibility now to change forward guidance. Although the unemployment rate increased, investors bought dollars aggressively on the back of the release because 60k people re-entered the workforce. Average hourly earnings also rose 0.4%, the strongest pace of growt...
March 10th, 2014 - Market Drivers for March 10, 2014 USD/JPY recovers early jitters from CNY Trade Balance miss to trade flat in Europe Euro steady in listless trade Nikkei -1.01% Europe .31% Oil $101/bbl Gold $1332/oz. Europe and Asia: CNY Trade Balance -23B vs. 13.2B EUR French IP -0.2% vs. 0...
March 6th, 2014 - Daily FX Market Roundup 03-06-14 USD: Will Payrolls Miss for Third Straight Month? EUR: Top 10 Takeaways from ECB Rate Decision Breakout Move in AUD and NZD CAD: Sharp Rise in IVEY Points to Stronger Employment AUD: Short Squeeze Set to Continue GBP: No Surprises from BoE Yen Crosses Soar a...
March 10th, 2014 - Daily FX Market Roundup 03-10-14 USD/JPY and Risk of Bank of Japan Easing USD: Fed Presidents Agree on Further Labor Market Improvement EUR Hovers Near 2 Year Highs GBP: Hit By Profit Taking? CAD: Stronger Housing Data Fails to Take Sting out of Labor Market Weakness AUD: Sells Off on Surpri...
September 10th, 2012 - In the first week of September the European Central Bank lit the EUR/USD on fire with its latest acronym to save the euro – OMT, short for “Outright Monetary Transactions.†For most investors, OMT is just another ingredient in the central bank’s alphabet soup which already ...
