Last nonfarm before Fed rate lift off?

September 4, 2015

The FOMC rate decision nears, now under two weeks away and it is still the view of many that today will be the last nonfarm payroll figure before the Federal Reserve commences its rate tightening cycle. In order to see the first hike in over nine years this month we will have to see a spectacular headline nonfarm payroll, which is expected to come in at 220k, at the same time it will help to see average earnings beat forecasts too with the Y on Y figure expected at 2.1%. The unemployment figure is expected to decline from 5.3% to 5.2% but these standalone figures are unlikely to settle the financial markets that have been severely rattled by the Chinese stock market bubble bursting.

Calls are coming far and wide from the IMF to emerging economies for the Fed to keep rates on hold and yesterday’s dovish ECB meeting will have been noted by Janet Yellen. US Treasuries are softer this morning as we head towards the release of the US employment data which has the potential to cause some volatility today and as we near September 17th more and more signs point to the Fed remaining on hold.

Publication source
FxPro information  FxPro reviews

September 28, 2016
Market volatility on a comeback
Financial markets may experience extreme levels of volatility in the coming weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave investors on edge...
September 27, 2016
The US election beta
Having obsessed about an event that did not happen this month (a Fed tightening), markets now turn to obsessing about an event that will happen, namely a change of US President...
September 27, 2016
Oil prices are moving towards stabilisation
The oil prices start the week on an upbeat note as the informal OPEC meeting may end with a positive agreement for the oil market, which could resolve in production kerbs and freeze said the Algeria’s Energy Minister on Sunday...

OANDA Rating
HotForex Rating
FXTM Rating
FBS Rating
Grand Capital Rating
Tickmill Rating

OptionBit Rating
OptionsXO Rating
Porter Finance Rating
Binary Brokerz Rating
24option Rating
IQ Option Rating