Posts Tagged ‘non-farm payrolls’

USDJPY and USDCAD Intraday Outlook: 7/7

by Christopher Lemieuxon July 7, 2014 6:20 pm BST
The US dollar fell from resistance on the assumption that the recent positive labor market data will cause the Federal Reserve to exit their nearly six years of quantitative easing early, as well as leading into the first Fed funds rate increase since 2008. Andrew Wilkinson, chief market analyst at Interactive Brokers, said “the market is getting […]

US 10-Year Note Pulls Back on Jobs Data; Head and Shoulders in View

by Christopher Lemieuxon July 3, 2014 2:50 pm BST
US treasuries sell-off after data from the Labor Department show that 288,000 jobs were added in June, well above the 215,000 increase forecasted by analysts. The US 10-year treasury note yield increased to two-month highs, as the unemployment rate hits a six-year low of 6.1 percent. Traders dumped safe haven assets and double-downed on risk […]

FX Volatility Bounces From a Seven-Year Low

by Christopher Lemieuxon June 4, 2014 9:43 pm BST
The large problem with the currency market, as well as other asset classes, is the lack of volatility. Often dubbed a fear gauge, volatility presents opportunity for traders to trade the market. Recently, the forex market hit a seven-year volatility low. However, market participants are anticipating the outcome of tomorrow’s European Central Bank (ECB) meeting. […]

Dollar Falls After Poor ADP Non-Farms Payroll Report

by Christopher Lemieuxon June 4, 2014 1:40 pm BST
The US dollar fell after the initial report that the ADP non-farm payrolls came in much lower than forecasted. According to ADP, only 179,000 jobs were added in May opposed to the general consensus of 217,000 forecasted by analysts. Last month’s report was revised downward from 220,000 jobs to 215,000. This further suggests that the […]