Free Trial
OIL

Indian Crude Throughput Rises

US EURODLR FUTURES

BLOCKs, Dec'22 Outright, Mar'23/Red Dec'23 Spd

ECB

ECB Shouldn’t Rule Out 50bp Hikes

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FOREX
FOREX: Steady
- After Thursday's sharp pullback in US Treasury yields (particularly in the
short-end), markets are a little more steady early Friday, with bank holidays in
the UK and France dampening liquidity and volumes so far. JPY is marginally the
weakest so far, with NZD, AUD at the top of the table. The greenback, reacting
to firmer equity futures, is on the backfoot again, with markets currently
mulling how responsive markets will be to today's data.
- Nonfarm payrolls remains the key release of the day. MNI see the April jobless
rate possibly hitting levels not seen since the 1930s, with the change in
payrolls headline likely showing millions of jobs lost. Recruiters and industry
leaders told MNI that coronavirus shutdowns may force businesses to close for
good, even as new government benefits may cause a drop in the labor force
participation rate. Median forecast is for the US to have lost 22mln jobs across
the month, with the unemployment rate seen lurching higher to 16%.
- Canadian jobs number are also due as well as a speech from ECB President
Lagarde at 1200BST/0700ET.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.