USD, Gold, US Rates Show Tepid Reaction to Strong Non-Farm Payrolls
NFP headline beats provides brief USD bid, however, overall reaction is tepid given Fed meeting in the week.
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NFP headline beats provides brief USD bid, however, overall reaction is tepid given Fed meeting in the week.
NFP headline miss weighs on USD, however, this is unlikely to deter the Fed away from tapering.
US Dollar Drops, Gold Pops on Mixed NFP Report
US Dollar Drops, Gold Pops After Soft NFP Report 2021-02-05 13:40:00 Justin McQueen, Analyst US NFP 49k vs Exp. 50k, Prior Reading Revised Lower Unemployment Rate Drops 0.4ppts to 6.3% NFP Mixed as Headline Misses, Revision Downgraded, While Unemployment Rates Beats A weaker than expected NFP headline at 49k, slightly missing expectations of 50k. Alongside this, the revision to the prior month had been disappointing with a downgrade to -227k from -140k. That said, the unemployment rate had printed notably lower than expectati...
US Dollar, S&P 500, US Rates Whipsaw After Mixed NFP Report 2021-01-08 13:50:00 Justin McQueen, Analyst US NFP -140k vs Exp. 71k, Prior Reading Revised Higher Unemployment Rate Remains Steady NFP Mixed as Headline Misses While Unemployment Rates Steadies A weaker than expected NFP headline with job losses at 140k, against expectations of a 71k jobs increase. However, in light of the surprise contraction in the ADP figures earlier this week and with the ISM Services PMI Employment subcomponent moving back into contractionary ...