NFP

Last month's NFP results beat expectations across the board. By then we were already seeing reports of increased covid cases, and some areas had already announced new lockdown measures. But that didn't stop employer optimism. On top of…
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With all the focus on the elections, the upcoming FOMC meeting has slipped under the radar. After that, it's the first Friday of the month, which means it's NFP day. Even as the market digests the results of the election - and…
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Last week’s highlights German Ifo weakens in October The latest data from the German Ifo institute shows that business sentiment fell in October. This reflects concerns among businesses amid the rising number of Coronavirus cases…
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Another month has gone by without the US Congress agreeing on additional coronavirus relief funding. Though in the last few days the rhetoric has turned more positive, with both sides expressing hope that a deal could be reached "this…
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Last Week’s Highlights RBA Keeps Policy Steady; Australia GDP Shrinks 7% in Q2 It was a busy week for the Australian dollar. The Reserve bank of Australia held its monetary policy meeting last week. While retaining the key lending rate…
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After the latest from the Fed's policy outlook, there is a renewed focus on employment figures from the US. Expectations are for jobs to be the guiding light of monetary policy, and therefore the dollar, for at least the next year.…
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Last Week’s Highlights New Zealand Retail Sales Fare Better Than Expected The latest retail sales report for the quarter from New Zealand showed that the decline was much lower than expected. Retail sales fell by 15% on the quarter ending…
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Yesterday, President Trump once again came out ahead of the big event of the week to tease that the NFP report would be significantly positive. We should note that the President does have advanced access to the information - or at least…
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Last Week’s Highlights US Durable Goods Orders Rise in June Durable goods orders in the US rose by 7.3% in June, marking a sustained rebound after the plunge earlier this year. Data from the Commerce Department also showed a downward…
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Forecasters were caught off guard (the polite way of saying their prediction was way off) by the sudden increase in job creation in May. Now, they have switched to being optimistic about the release on Thursday. They are now projecting…
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