Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment