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Don’t Expect NFP To Help USD

March 4, 2016 3:35 am

At this stage, no one expects the Federal Reserve to tighten in March, which is one of the reasons why we believe non farm payrolls won’t help the dollar.If the labor-market report is weak, it will reinforce the market’s expectations that the dollar won’t receive a boost in yields and if it is strong, investors will still question whether it’s enough for the Fed to pull the trigger — the answer will be ‘no’. However a strong non farm payrolls report should encourage the Fed to maintain a hawkish bias but it may be a few days before investors recognize this possibility.

Our Leading Economically Indicators which is my Our Best forecasting Module for Predicting Non-Farm payroll is pointing Little Strong Labor market Condition.

 

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