OctaFX | OctaFX Forex Broker
Open trading account

US NFP to bounce and unemployment rate to edge down - Rabobank

FXStreet (Delhi) – Michael Every, Research Analyst at Rabobank, suggests that the market expectations are 185K, up from last month’s disappointing 142K, with unemployment expected to edge down to 5.0%, the lowest since 2008.

Key Quotes

“It goes without saying the market will run screaming in one direction or another depending on how the headline figure in this volatile series pans out. Yet on that front note that yesterday’s US unit labour costs rose only 1.3% in Q3 vs. 2.5% expected: there still isn’t any labour bargaining power out there save a few lucky industries, but can’t all work for social media/internet giants.”

GBP/AUD drops below 100-DMA

Sterling continues to slide in early Europe, taking the GBP/AUD pair below its 100-DMA located at 2.1270 levels.
Read more Previous

The BoE opts for a downward revision of inflation; maintains economy in healthy state

Super Thursday’s outcome was very much in tune with market expectations. The Bank of England, as expected, left the rate unchanged. Again, as expected, only MCCafferty voted in favour of raising rates from a record-low of 0.5 per cent. The vote to hold rates was thus 8-1.
Read more Next
Start livechat