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Thursday, December 3, 2015

What to expect from NFP



The consensus is for 200K jobs for November. This article at WSJ outlines 5 key issues to watch. See here

On November 30th Chris Weston who is the chief market strategist at IG Markets accurately called exactly what would happen with the euro and $USD this week. He said he expected upside in the euro and weakness in the $USD. He says that the NFP number will have to be very weak to cause the Fed to hold off on raising this month but having said that, he expected a rate rise could be dollar negative given there was such a buildup to the announcement. I tend to agree with him. Lets see what happens.


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