09 Jul 18 (Mon)
All eyes will be on Non-Farm Payrolls today. It will be announced at 12:30 p.m. (GMT) and the Jobs Report is significant determinant of upcoming decisions from the Fed regarding rates. The Fed has already done its part with two rate hikes this year and a balance sheet reduction plan expected to kick off in the fourth quarter, but political risk in the US has impaired the dollar with uncertainty on major policies being introduced as promised after the presidential elections. Also, we faced the FOMC meeting minutes last Wednesday which viewed recent softness in inflation data having little bearing on trend and t...
09 Jul 18 (Mon)
All eyes will be on Non-Farm Payrolls today. It will be announced at 12:30 p.m. (GMT) and the Jobs Report is significant determinant of Fed rate hike on June 14. The Fed has already declared its expectations to raise rates two more times this year and market has priced in odds of around 90% for a 25 basis point hike at the next Fed meeting. The ADP Non-Farm Employment Change data was released yesterday which surprised markets with better realization than expected in May. N...
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