hiring rises in february

Hiring rises in February in the United States as more people were seen joining the workforce, underlining the fact that the U.S. economy could potentially continue at the same pace without overheating. Reacting to the payrolls report, the equity markets have pushed the major indices higher on the day while the U.S. dollar was met with a subdu...

2018-03-23 John Benjamin Read more
US Dollar

The tax reform bill, unveiled Thursday by US Republican House Representatives may not be the piece of news long anticipated by currency traders favouring the US dollar. The bill imposes a one-time 12% tax on US companies’ accumulated earnings held outside the US, a cut from the 35% tax currently applied to their global earnings as well as their...

2017-12-12 Ashraf Laidi Read more
October NFP Report

Summary: US economy expected to add 300k on average jobs in October The hawkish forecasts come after September’s data that showed a decline of 33k Average hourly earnings expected to pull back from 0.5% increase (m/m) registered in September US unemployment rate expected to remain steady at 4.2% NFP data could most probably co...

2017-12-12 John Benjamin Read more
Federal Reserve

The FOMC members, Powell and Harker, are scheduled to speak today. The speeches from the Fed members mark a long list of Fed speeches delivered during the week. So far, FOMC members Kashkari and Powell gave their speeches including the Fed Chair Janet Yellen. Kashkari maintains dovish stance As expected, the Minneapolis Fed President Kashkar...

2017-10-22 John Benjamin Read more
Yellen_Rate Hike_2402

Traders will be looking at the consumer price index data to be released today. According to economists polled, consumer prices are expected to rise 0.1% on the month. This would reverse the 0.1% decline seen in the previous month. On a year over year basis, headline consumer prices are expected to rise 1.7%, marking a slower pace of increase aft...

2017-07-26 John Benjamin Read more
US Dollar Index

The final revised first quarter gross domestic product (GDP) for the United States will be released today. The data is the third and final revision to be released by the US Department of Commerce for the period ending March 2017. At the second estimate, the GDP data saw an upside revision to 1.2%, up from 0.9% from the preliminary release. Whil...

2017-07-26 John Benjamin Read more
Trump_Tax reform_0205

Following the failure of his healthcare reform bill, markets have reacted cautiously to the announcement of President Trump’s tax reform. Described as the biggest tax reform since 1986, the reform is intended to fuel growth in the American economy. Key Points From The Plan The proposed revisions to the tax code would reduce the current seven...

2017-05-02 James Harte Read more
UK Manufacturing

Two separate gauges of U.S. activity, measured across manufacturing and non-manufacturing sectors showed a moderation in March after posting steady gains previously. The Institute of Supply Management’s manufacturing PMI was registered at 57.2 in March, down from 57.7 in February while the non-manufacturing PMI was registered at 55.2, down from...

2017-04-06 John Benjamin Read more
Yellen_Dollar rallies

The US dollar posted strong gains this week, at one point staying firm above the psychological level of 100, a resistance level that has been breached as the Dollar Index jumped to 101 yesterday. After the initial turmoil of the election outcome just a week ago, the US dollar maintained strong gains, led by market speculation that a Trump admini...

2016-11-18 John Benjamin Read more
Yellen_Dollar rallies

Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System / Image via Federal Reserve Traders and investors eagerly anticipate the speech from Janet Yellen today who is scheduled to speak at the Jackson Hole symposium which started yesterday. At the core of the matter is whether Yellen will provide any forward guidance on t...

2016-08-26 John Benjamin Read more