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Prior was +20.6 New orders +2.0 vs +17.3 prior Prices paid +63.1 vs +58.6 prior Employment +10.6 vs +9.3 prior Six monthis index +29.0 vs +32.1 prior This report isn't a big market mover but it lands on the morning of the first day of the Fed meeting so it will be notable, particularly for the doves. There has been so much of this back-and-forth with economic data that it's easy to imagine either…
U.S. ADP NER Pulse for the four weeks ending August 29: Weekly private employment change: +16,250 vs +12,000 expected. Prior +12,250 Four-week moving average, seasonally adjusted U.S. private employers added an average of 16,250 jobs per week during the four weeks ending August 29, according to ADP Research. The result was stronger than the 12,000 estimate and increased from 12,250 previously.…
Headlines: USD/INR erases all RBI intervention gains as surging oil prices weigh on the Indian Rupee Oil remains supported as supply risks intensify and diplomatic progress stalls Bill Lipschutz's scale trading strategy: Why smart traders don't go all in at once Managing Currency Exposure With OANDA’s Forex Trading Platform Zcash outperformed most cryptocurrencies following ETF launch, now focus…
Germany September ZEW survey current conditions -47.1 vs -52.1 expected Prior -61.1 Germany September ZEW survey economic sentiment 34.7 vs 40.0 expected Prior 34.2 The breakdownThe uptick in the current conditions index is encouraging, as it is a beat on estimates. However, the economic sentiment indicator only showed a mild improvement compared to August. ZEW notes that this suggests that…
EUROPEAN SESSION In the European session, the main highlight was the UK employment report. The data was basically in-line with expectations across the board and didn't change much in terms of BoE interest rate expectations. As a reminder, the market is pricing in 50 bps of tightening by year-end, with the first rate hike coming in November. Looking ahead, we don't have much on the agenda other…
The key details: July ILO unemployment rate 4.9% vs 5.0% expected Prior 4.9% July employment change 67k vs 67k expected Prior 83k July average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.1%; revised to +4.2% July average weekly earnings (ex bonus) +3.5% vs +3.5% 3m/y expected Prior +3.5% August payrolls change -26k Prior -13k; revised to -19k The UK labour market continues to show signs…
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