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ForexForexLive

Non-farm payrolls preview: October numbers show a skew

What's expected: Consensus estimate +65K (range +50K to +125K) September +29K August +133K July -10K Private consensus estimate +64K Unemployment rate consensus estimate: 4.2% vs 4.2% prior Participation rate 61.8% prior Prior underemployment U6 prior 7.6% Avg hourly earnings y/y exp +2.9% y/y vs +3.0% prior Avg hourly earnings m/m exp +0.3% vs +0.1% prior Avg weekly hours exp 34.4 vs 34.4 prior…

ForexForexLive

What is the distribution of forecasts for the US NFP?

The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the…

ForexForexLive

investingLive European news wrap: Markets consolidate ahead of the US NFP report

Articles: Zcash resists crypto market selloff as network upgrade goes live. What's next? US-Iran uncertainty keeps the downside in oil limited as markets await further developments Eurozone retail sales fall 0.7% in September, signalling weakening consumer demand Risk-off wave hits Bitcoin as tech stocks lead global selloff. What's next? Fed's Williams says US economy remains resilient,…

CommodityOilPrice.com

Asia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-Escalation

Asia’s fuel oil refining margins and benchmark prices have slumped this week after the outcome of the U.S. midterms boosted hopes that there could be de-escalation in the Middle East allowing more oil products to move out of the Strait of Hormuz. The fuel oil market has also softened in recent weeks as more oil is exiting the Gulf and going to Asia’s demand centers. This week, the refining margin…

CommodityOilPrice.com

Israel’s Election Dispute Escalates Amid Claims of Foreign Interference

Politics, Geopolitics & Conflict Benjamin Netanyahu is using the Shin Bet to challenge an election his bloc lost. Shin Bet chief David Zini, whom Netanyahu appointed, is seeking to question four Arab party leaders, including Ra’am’s Mansour Abbas, over alleged foreign-funded interference, and he has presented no evidence. All but one of the agency’s election inquiries began after the results…

CommodityOilPrice.com

Oil Prices Plunge as U.S. Elections Shake Up the Iran War

December WTI crude oil is headed for one of its roughest weekly losses in months after the market shed $11.37, or 11.10%, from its opening price of $102.39. Prices posted a weekly high at $102.75 before breaking sharply to $86.65. Early Friday, the contract was trading near $91.58, still down heavily for the week. The decline was not driven by a sudden collapse in demand or a surprise rise in…

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