OctaFX | OctaFX Forex Broker
Open trading account
Back

US: Strong jobs data should calm the markets – Nordea Markets

Anders Svendsen, analyst at Nordea Markets, suggests that the last week’s strong non-farm payrolls data of US is likely to calm markets a little bit.

Key Quotes

“Even if the manufacturing sector seems to be heading for much slower growth momentum the much more important service sector will be held up in the near term by that many more people getting a job and wages growing at a faster pace.”

“However, the very strong increase in employment suggests that some temporary factors may also be a play. Moreover, the unemployment rate increased, indicating that the household survey was much less bright than the establishment survey.”

“Looking ahead, we expect nonfarm payrolls to slow modestly in the first half of 2019 to around 175k on average, still strong enough to push the unemployment rate lower and keep the Fed eager to deliver more hikes.”

USD/JPY: feeling the pull of gravity as S&P 500 futures trim gains

The USD/JPY pair is currently trading at 108.12, having clocked a high of 108.62 in early Asia. The pair was looking north at Tokyo open, as back the
Read more Previous

Canada: Jobs data won't do much to goad the BoC into action - TDS

Analysts at TD Securities point out that the Canadian economy has added 9k jobs in December, roughly in line with market expectations (consensus: 10k,
Read more Next
Start livechat