Non Farm Payrolls

FX Week Ahead: Blind Faith - First It Was In The US, Now It's The UK

It's back to blind faith, and nowhere is this more so prevalent than in rate pricing in the UK, where the market has been hanging on the words of BoE governor Carney and his fellow members who have also prompted the market to (re-)price a 25bp rate hike this year and more beyond.

FX Week Ahead: It Could Be Time To Lay Off The USD A Little

After a week of arguing if the EUR is overvalued and whether the ECB will pinpoint this, we get back to the crux of the matter, which is USD weakness. We have seen US Treasury yield pressed back to levels seen in the aftermath of president Trump's, victory, but we have had two 25bp hikes in the US since then and as such, reflation has been completely priced out and more.

FX Week Ahead: Cue The ECB To Disappoint; Buying Time For Fed To Catch Up?

After another 'interesting' non farm payrolls report, we start the week on a quiet note as the US observes the Labour Day holiday and Canada day speaks for itself.  Plenty of volatility to expect thereafter though, as it is the ECB's turn to manage market expectations, which so far show little sign of moderating as EUR longs are keen to hold positioning into a much expected tapering signal. 

FX Week Ahead Preview: All Eyes On Payrolls Friday

Despite the NY market holiday over Independence day in the US, we have a number of notable data releases leading up to the main event next week in the May employment report (Friday).

Stocks Set For New All-Time Highs, Nikkei Rises Above 20,000, Oil Slides

Stocks are set for new all time highs with S&P futures up 0.2%, boosted by green markets across Europe and Asia, where the Nikkei rose above 20,000 for the first time since 2015. World stocks are set for new record highs, having already gained 11% so far this year, ahead of today's US nonfarm payrolls which are expected to increase by 185,000 jobs after surging 211,000 in April.

S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues

European and Asian shares rise along with a jump in S&P futures which are pointing to a solidly green open on US payrolls day. The dollar, trading somewhat weaker against the euro was stronger against the yen, and was on track for its firth week of gains, while the rout in global Treasuries continued following a Mario Draghi conference that was interpreted as more hawkish than expected.

Is This Why Jobs Crashed

Guess who: “CLAIMS” AND NONFARM PAYROLLS: It’s A Very “Tidy” Correlation Indeed: This wonderful chart, courtesy of TD Securities, shows how almost perfectly jobless claims and non?farm payrolls correlate, and so with “claims” falling as they have, payrolls today could be surprisingly high."

GoldCore's picture

JP Morgan’s massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position.  Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces.

GoldCore's picture

‘BREXIT’ would cause the “most intense period of instability” since WW2 ... Seeks to portray Tory policy as disingenuous and cynically putting economy at risk ... Uncertainty caused would have negative consequences for British economy and sterling