Forex-Traders-Uk

Dollar NFP Update...

Long
TVC:DXY   U.S. Dollar Currency Index
EXPECTATIONS: Nonfarm payrolls ( exp . 182k, prev . 49k); Private Payrolls ( exp . 210k, prev . 6k); Manufacturing Payrolls ( exp . 18k, prev . -10k); Government Payrolls ( prev . 43k); Unemployment Rate ( exp . 6.3%, prev . 6.3%); Average Hourly Earnings M/M ( exp . +0.2%, prev . 0.2%); Average Hourly Earnings Y/Y ( exp . 5.3%, prev . 5.4%); Average Workweek Hours ( exp . 34.9hrs, prev . 35.0hrs); Participation Rate ( prev . 61.4%), U6 Underemployment ( prev . 11.1%).

MARKET REACTION: While a clear report in itself is not expected to alter the Fed's stance -- Powell Thursday repeated that it would be a while before the US is back at full employment -- there are concerns that a strong report might continue to pressure the long-end of the Treasury curve, lifting yields further upwards, which could also apply pressure to the equity complex. Conversely, a soft jobs report could perhaps rein in the long-end, although fixed income participants will begin to look to next week's long-end auctions, particularly within the context of questions that remain over whether SLR relief for banks will be extended beyond March, perhaps keeping the bond market on edge.
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Comments

Well done
+2 Reply
@RosiWoods, Thanks :)
Reply
Right. I liked your chart.
+1 Reply
@RishiMa, Awesome!
Reply
agreed 💯🔥💰
+1 Reply
@GuardianFX, Thanks man!
Reply
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