IronFX Daily Commentary by Charalambos Pissouros | 04/03/2016
March 4, 2016 9:49 am
The final US jobs report before the Fed meeting • Nonfarm payrolls are exp. 190k vs prev. 151k, unemployment rate to remain unchanged, average hourly earnings to slow. • ADP report was better than exp. so we could see a positive surprise in NFP as well. • Initial reaction on USD is mainly due to NFP figure, secondary reaction from earnings.
Fed’s Kaplan calls for patience on rate hikes • Dallas Fed President said policy makers should be patient in raising interest rates. • This echoed recent comments, when he said he would revise down his expected rate path at the March meeting. • No rate hike is exp. in March, but downward revisions from more FOMC members could cause USD to trade lower after the meeting.
Today: • Sweden: Industrial production for Jan. • Canada: Trade balance for Jan. and Ivey PMI for Feb. • Speakers: Dallas Fed President Robert Kaplan (again).
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The final US jobs report before the Fed meeting
• Nonfarm payrolls are exp. 190k vs prev. 151k, unemployment rate to remain unchanged, average hourly earnings to slow.
• ADP report was better than exp. so we could see a positive surprise in NFP as well.
• Initial reaction on USD is mainly due to NFP figure, secondary reaction from earnings.
Fed’s Kaplan calls for patience on rate hikes
• Dallas Fed President said policy makers should be patient in raising interest rates.
• This echoed recent comments, when he said he would revise down his expected rate path at the March meeting.
• No rate hike is exp. in March, but downward revisions from more FOMC members could cause USD to trade lower after the meeting.
Today:
• Sweden: Industrial production for Jan.
• Canada: Trade balance for Jan. and Ivey PMI for Feb.
• Speakers: Dallas Fed President Robert Kaplan (again).
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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