084 – Jobs data suggests slowdown but not enough to change Fed policy
The non-farm employment change published at 209K. This was lower than the 224K expected and lower than the last print at 306K. These are signs of cooling down, but the job market remains overall strong. The Fed minutes were released last Wednesday but did not give us any new information and a 25-bps hike is still likely at the Fed's next meeting. This week UK jobs data showed high average earnings, which will be a concern to the Bank of England. Later in the week we get US inflation data and Q2 earnings is set to kick off with the big banks' earnings and Delta airlines. We also see central bank releases from the Reserve Bank of New Zealand and the Bank of Canada.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. He has a long time presence at FXCM, as he joined the company in 2011. He has served from multiple positions, but specializes in financial market analysis and commentary.
With his educational background in international relations, he emphasizes not only on Technical Analysis but also in Fundamental Analysis and Geopolitics – which have been having increasing impact on financial markets. He has longtime experience in market analysis and as a host of educational trading courses via online and in-person sessions and conferences.