Market news

Show news:
  • All news
  • Currency news
  • Stock news
  • Raw news



01.11.2019 23:11

October U.S. Payrolls: Powering Through – TDS

Analyst at TD Securities (TDS) provided their views on Friday's mostly upbeat US monthly jobs report, showing that the economy added 128K jobs in October.

  • "Nonfarm payrolls surprised notably to the upside, coming in at 128k for October. The trend in job growth remains robust at 156k during the last six months — more than enough to absorb new entrants to the labor force. This should lend support to the FOMC's message this week that "monetary policy is in a good place."
  • The strong payroll report should flatten the curve and keep Treasury yields somewhat elevated. Nevertheless, with global growth continuing to slow and the market waiting for confirmation that global growth weakness is not impacting the US consumer, rates should remain capped.
  • On the whole, this number is supportive for the USD. Against a backdrop where expectations for payrolls were already bleak (in part due to GM strike), positive revisions and firming wages do look encouraging in that context. Overall, this number helps to reaffirm the Fed's hawkish cut and extended pause. By extension, today's number should also help to reinforce our current biases - EURUSD looks toppish around 1.12 and USDCAD poised to trade higher with an eye towards 1.33 near-term (as the BOC flips more dovish while other central banks stand pat)."


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

August 2020
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00