Day: January 5, 2018

Headline US Jobs Disappoint, but Earnings as Expected

The headline US non-farm payrolls disappointed, rising by 148k instead of the consensus of 180k-200k.  However, the other details were largely as expected and are unlikely to change views about the trajectory of Fed policy or the general direction of markets.  It is a very much steady as she goes story.   The headline miss is …

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Dollar Given Reprieve Ahead of Employment Report

As the US dollar finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused.   Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic considerations to have helped the dollar to move off the mat.  Quickly summarized, these considerations are a larger …

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