Roberto Jacobs / Blog
US May NFP: Not a Signal of Underlying Weakening - Lloyds Bank According to analysts from Lloyds Bank the market possibly overreacted to the US employment report. They expect labor market weakness to be temporary but point out that today’s numbers will give FOMC staff a pause to think...
Flash Comment US: No Summer Hike - Danske Bank There was almost nothing good in the US jobs reports for May - and remember the jobs report for April was not strong either. Employment rose only by 38,000, the lowest since 2010 (dragged down 35,000, however, by a Verizon strike...
Weekly Focus: Weak US Job Report Should Keep Fed Off the Trigger Market movers ahead The focus continues to be on whether the Fed is about to hike this summer. Today's job report makes it in our view unlikely that the Fed will hike over the coming months...
EUR/USD Forecast: U-Turn in Sentiment Points to 1.1460 and Beyond Well, well, who would have thought it? The EUR/USD pair is back above 1.1300 and with scope to keep rallying next week, up to the major 1...
NZD/USD Reaches 1-Month Highs NZD/USD rose sharply and scored fresh 1-month highs during the New York session, as the last gauge of US economy health before Fed’s meeting, the nonfarm payrolls, came in much weaker than expected, weighing on the greenback...
USD/JPY Inter-Markets: 105.00 Back on Track? USD/JPY sunk nearly 2% following today’s horrible results from US Non-farm Payrolls, where the economy has added only 38K jobs in May vs. 164K initially forecasted, the worst job creation since September 2010...
GBP/USD Clings to Daily Gains Above 1.4500 GBP/USD rally, which was triggered by ugly US nonfarm payrolls, faltered at the 1.4580 zone, giving way to a phase of consolidation over the last hours...
EUR/USD: Could Rise to 1.14-1.15 Near-Term on Fed Repricing - Danske According to analysts from Danske Bank, EUR/USD could rise toward the 1.14 - 1.15 area as market repriced Federal Reserve expectations, after recent weak US data...
GBP/JPY Drops Sharply to 4-Week Lows GBP/JPY tumbled after the release of the NFP amid a stronger yen in the market and extended weekly losses. The pair is about to end the week sharply lower after making a reversal. A bad week for GBP The pair remains weak and continues to trade near daily lows...