Last nonfarm before Fed rate lift off?

4 September, 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.


Source link  
UK Retail Sales on the Agenda Today

Yearly figures are expected to show an increase but monthly numbers are expected to miss expectations and show a fall in sales. It is a volatile data set...

Consumer Sentiment Index Close to Higher

US Fed Boston President Rosengren is due to deliver the keynote speech on the economic outlook, at the Greater Boston Chamber’s Economic Outlook Breakfast...

Chinese president soothes worries

With US Producer Prices data on the way this afternoon, and predicted to be largely as expected, the morning session will be dominated by central bankers...


Markets fall after more tariffs proposal

Friday's session is expected to be volatile, with Non-Farm Payrolls (13:30 UK Time) ahead and President Trump’s proposal for an additional $100B...

Korea gets exemption on steel tariffs

The US and South Korea have reached agreement on a Trade deal that comes with the added bonus for South Korea of a permanent exemption from...

EU Publishes List of Tariffs on US Goods

Over the weekend, the EU published a list of tariffs on US products in response to the US tariffs on Steel and Aluminium. The total value of EU tariffs...


Consumer Price Index and Housing Starts

Eurozone Consumer Price Index – Core (YoY) (Feb) will be released. The consensus points to an unchanged value of 1%. Consumer Price Index...

USD Weakens as Risk-Off Returns

Yesterday, the US announced Tariffs on Steel and Aluminium, which prompted an outcry from various global leaders and an acceleration in the...

Volume of data put US in focus

US Gross Domestic Product Annualized (Q4) was as expected at 2.5%, from 2.6% previously. Gross Domestic Product Price Index (Q4) was 2.3%...


In the past 24 hours Bitcoin has gained 1.03% and reached $8250.15. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.0743% and is now at $1.2379. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 17.1% and is now at $554.879. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM85%
4FxProFxPro84%
5FIBO GroupFIBO Group82%
6FXCMFXCM70%
7XMXM68%
8Fort Financial ServicesFort Financial Services67%
9Alfa-ForexAlfa-Forex66%
10HotForexHotForex66%
  


Share: