Financial markets are calm this morning on what is likely to be a quiet day for investors with the US, among others, observing the Columbus bank holiday and Japan also enjoying a bank holiday. As a result the economic calendar is very thin with nothing noteworthy to be released but attention should be given to...

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Excellent jobs report by ADP: no less than 250K private  sector jobs were gained in the US in December. The figure for November was only slightly revised down from 190K to 185K. All in all, the gain in jobs is good news on its own and also a big beat on expectations. Most of these...

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In early 2017, President Trump made a comment that caught many by surprise. The ‘dollar was too strong’, he said. Consequently, this meant that the U.S government would no longer be in favor of the Clinton-era two-decade strong dollar policy. According to David Woo, Head of Global Rates and Foreign Exchange research at Bank of...

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PMI Data Points Higher Data releases over the start of the year reflect a turn higher in global inflation and global growth. Indeed, the global composite PMI marked a post- 9/11 high in December. Typically, higher oil and other commodity prices alongside weaker currencies in some areas foster these conditions. There is now a growing...

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The US gained 113,000 jobs in January. The unemployment rate stands at 6.6% – little changed from the previous month. The US Non-Farm Payrolls report was expected to show a gain of around 185K in the first month of 2014 after an initial report about 74K for December. Even though significant revisions were expected, there...

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The recent US Non-Farm Payrolls showed a 217K gain in jobs in May — expectations were around 214K jobs. The unemployment rate remained unchanged at 6.3%, while it was predicted to inch up to  6.4%. This report showed numbers, which were  inline with market expectations and thus the report currently has  a modest impact  on...

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A very strong  US jobs report: A gain of 271K.  Wages grew at a faster rate. It’s mostly  positive albeit  with  little upward revisions — an upside of 12K. The  unemployment rate slid to  5%. Participation is at 62.4% — unchanged. Y/y wages are at 2.5% — the fastest pace since July 2009.   USD...

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Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth.   The US...

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Much has been made of the potential impact of the US elections on currencies such as MXN and CAD. However, the US elections have the potential to also be a major driver for CNY in the context of broader US -China trade relations. Should Democratic candidate Clinton win the Presidency, this is likely to maintain...

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