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Trading the News: U.S. Non-Farm Payrolls Another 205K expansion in Non-Farm Payrolls (NFP) may heighten the appeal of the greenback and spur a near-term pullback in EUR/USD as it puts increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary. What’s Expected: Why Is This Event Important: Market participants may pay increased attention to Average Hourly Earnings ...
Unemployment has decreased, according to the latest figures. Here is a question: if the unemployment rate drops, is everyone happy? Suppose that, in a very small country, 380 people are either working or would like to work (this group is the labour force), and suppose 38 of these are unemployed. The unemployment rate is 38 out of 380, or 10%: that is the ratio of the unemployed to the labour force. Here are two scenarios. ...
• Fund managers lose out from benchmarking (FT) see also The Pitfalls of Benchmarking (A Wealth of Common Sense) • A Cheaper Way to Battle Recession (Bloomberg View) • The Amazon Tax (Stratechery) • Why Don’t Investors Stay True to Their Principles? Think Self-Deception (Think Advisor) see also Buy & Hold Can Be Risky, Too (Capital Spectator) • How Americans’ Perceptions of the Economy Have Changed in Just Three Months (Real Time Economics) ...
Trading the News: U.S. Durable Goods Orders A 3.0% contraction in orders for U.S. Durable Goods may hamper the near-term advance in the greenback and spur a rebound in EUR/USD should the data print undermine Fed expectations for a ‘consumer-led’ recovery in 2016. What’s Expected: Why Is This Event Important: A slowdown in private-sector consumption, one of the leading drivers of growth and inflation, ...
Trading the News: U.K. Retail Sales The U.K. Retail Sales report may produce headwinds for the British Pound and drag on GBP/USD as signs of a slowing recovery provides the Bank of England (BoE) with greater scope to further delay its normalization cycle. What’s Expected: Why Is This Event Important: Even though BoE argues that the next policy move will be to lift the benchmark interest rate ...