CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NFPs in the spotlight following woeful........>

FOREX
FOREX: NFPs in the spotlight following woeful February reading
-Last month's 20k nonfarm payrolls headline took markets by surprise, and today
analysts expect a bounce back to 177K (whisper: 185k) but focus, as always, will
quickly turn to average hourly earnings to gauge whether the Fed's recent rate
cycle pause is justified. Ahead of the figure, markets are quiet with volumes
light and liquidity thin. AUD slightly outperforms as further positive noises on
US-China trade talks emerged from China. Overnight, China's President Xi noted
"substantial progress" had been made in talks, helping sooth sentiment and keep
AUD/USD at the top end of the week's range.
-GBP is modestly higher following PM May's formal request for a further
extension to Brexit talks, knocking the deadline for a deal further back to June
30th. GBP/USD is well off the day's highs of $1.3123 at writing as recoveries
remain weak. The week's lows of $1.3010 are a realistic prospect should the USD
rally on NFPs later.
-Outside of NFPs, the Canadian jobs report is also due as well as a speech from
Fed's Bostic on 'disruption and opportunity'.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.