Last Friday’s US non-farm payrolls report was above average, but nothing special. 228,000 jobs were added in November, but the October report was revised lower by 17,000. The more predictable unemployment rate held steady at 4.1%. Average earnings rose by 0.2% and 2.5% on a month-on-month and year-on-year basis respectively, but both...
Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session. Bitcoin was down 12.6 percent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $16,666.66. It was...
US markets showed signs of life once again on Thursday, moving higher and recovering after a couple of down sessions. The tech heavy Nasdaq led the charge northwards, with the likes of Facebook, Google parent Alphabet and Apple gaining between 1.4% - 2.4% each. FAANG’s back in favour Tech stocks have...
The Greenback ventured to a two-week high against a basket of major currencies on Friday morning, amid investor optimism over U.S. tax reforms. Today’s main risk event for the Dollar will be the U.S. non-farm payrolls report, to be released later today, which should offer fresh insight on the health...
Here are the latest developments in global markets: FOREX: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The pound was on track to post a second day of gains as concerns over a...
Talking Points The political noise is still something which investors needed to be mindful Friday’s job number is going to significantly shape the expectations for the fourth quarter. We expect the November payroll number to be at 198K keep in mind that the 12 month average is at 167K More...
European Commission to Recommend Moving onto Phase Two of Brexit Negotiations European equity markets are poised to open higher on Friday, buoyed by the news that the UK and the EU have come to an agreement on the three contentious issues that make up phase one of the Brexit negotiations. After...
The UK and the EU have made sufficient progress in the Brexit talks, and now they can move on the trade aspect of the negations. The political mood has been lifted, but the FTSE 100 is underperforming its Continental counterparts due to a firmer pound. The DAX has been given a boost after Martin Schulz,...
Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin’s Wild West-like nature could overshadow the debut. The first bitcoin future trades kick off Sunday at 6 p.m. EST (2300 GMT) on Cboe...
TD FX Strategy Research discusses the USD outlook and argues that its recent gains are likely to be short-lived on possible reversal into the US jobs report on Friday. "The $ has staged a modest rebound in the past few days, rallying against most of the G10 low-yielders....The trading signal is...