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Taper tantrum – this fear of tightening from the Federal Reserve has been supporting the dollar and overwhelming markets, at least until jobs data mis
What happened to April payrolls? No one is quite sure. One possibility is that the BLS seasonal adjustment was far off the mark.The unadjusted Nonfarm Payrolls number was 1.089 million. A seasonal adjustment designed to smooth out recurring monthly swings reduced it to the issued figure of 266,000. These revisions are based on the historical record. Do assumptions founded in normal seasonal hiring patterns have any predictive value for a time frame as unusual as the past 15 months? In a normal year summer temporary hiring that might begin in April and May would be discounted as part of lo...
Following GBP/USD Weekly Forecast: Can America's cooldown send sterling above 1.40? UK GDP, US consumer eyedANALYSIS | 5/7/2021 3:12:46 PM GMT GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures. UK GDP and US consumer figures promise another busy week in cable. Early May's daily chart shows bears are gaining some ground. The FX Poll is pointing to short-term falls before and upswing later. Something is more than nothing – the Bank of England monetary policy tweak has pushed up the pound, while concerns about r...
May 10, 2021 08:18 GMTForex News GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures. UK GDP and US consumer figures promise another busy week in cable. Early May’s daily chart shows bears are gaining some ground. The FX Poll is pointing to short-term falls before and upswing later. Something is more than nothing – the Bank of England monetary policy tweak has pushed up the pound, while concerns about road bumps in the US economy have kept the dollar from storming the board. Can the upswing continue? Economic data has rising prominence as covid concerns fa...
5/7/2021 6:56:46 AM GMT EUR/USD has been drifting off the highs it reached on Thursday as markets await US Nonfarm Payrolls. Disappointing figures in the buildup to the report have lowered expectations. The vaccination campaign, reopening and President Biden's post-NFP presser point to an upside surprise. Friday's four-hour chart is painting a mixed picture. Goldilocks – signs that the US economy is exiting melt-up conditions and entering into a "not too hot, not too cold" scenario may have been premature. Another sign of overheating could boost the dollar as expectations for interest...