US Open – 5 February 2024 (Video)
Watch today’s US Open for insights on the EUR/USD fall from the reserved Fed and the strong NFPs, Meta’s blockbuster results, renewed regional banking fears and more
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Watch today’s US Open for insights on the EUR/USD fall from the reserved Fed and the strong NFPs, Meta’s blockbuster results, renewed regional banking fears and more
The jobs data came in exceptionally hot today. The non-farm employment change printed at 353K, which is almost double the market expectation of 187K. The unemployment rate was 3.7%, lower than the 3.8% anticipated and monthly average hourly earnings is double expectations at 0.6%. Last month's non-farm employment change was also revised higher to 333K.
Watch today’s US Open for insights on the Fed’s dismissal of a March cut, the Bank of England’s hint for end of tightening and more
Watch today’s US Open for insights on the ECB hold and its impact on EUR/USD, Tesla’s underwhelming results and more
Watch today’s US Open for insights on BoJ inaction and the impact on USD/JPY, the upcoming ECB decision, the highly anticipated earnings from Netflix and tesla and more
The BoJ stuck to its dovish stance with negative rates and yield curve control, while slashing its inflation forecast, raising the bar for a policy pivot
Watch today’s US Open for insights on the solid US jobs report, dovish Fed commentary and the upcoming US CPI inflation report
The central bank of Japan maintained its accommodative monetary setting and dovish outlook, against hopes that it could at least signal a change in strategy
Watch today’s US Open for insights on the outcomes of the policy meetings by the Fed, the BoE and the ECB, as the Bank of Japan picks up the baton next week
Core inflation for November printed at 4%y/y, which is unchanged, whilst headline inflation did moderate at 3.1% y/y (3.2%), albeit the pace of disinflation slowed from a month ago. The core month-on month reading was 0.3%, which equates to an annualised 3.66% - still higher than the Federal Reserve’s target of 2%. This combined with the higher than anticipated jobs data has put a dampener on the prospects of rate…
Watch today’s US Open for insights on the US inflation update and the upcoming pivotal decisions by the US Fed, the Bank of England and the European Central Bank
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