It’s the final countdown to the September non-farm payrolls report. Take a look at: Preview: September non-farm payrolls by the numbers That report highlights the seasonals around this number, which could make it a volatile one. Fed pricing is down to 7.1 bps for this month, which maps to 28%. That could swing on today’s report and the wage…
The week in one sentence: During the week leading up to September 29, long positions in crude oil were significantly reduced, while short positions in the Canadian Dollar went up. In addition, the positioning of the Australian Dollar and the Japanese Yen declined, while Coffee buying stood out against a more general background of defensiveness. Despite the fact that…
investingLive European session wrap: Stocks advance as bond yields ease ahead of NFP !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
A week before the September jobs report, futures priced in about a 70% chance of a Federal Reserve (Fed) rate hike in October. After that, CME FedWatch, which turns futures prices into the odds of a Fed move, puts October at 21.59% and still prices in a December hike. The chance it gives a December hold is 0.00%. Payroll…
Solana extends gains as traders reduce Fed rate hike bets following dovish Fed comments !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
The September jobs report added 29K jobs against a 90K forecast, and the more useful numbers in it are the revisions. Read with the revisions before them, they show the pace of hiring slowing in May, five months before September’s headline. As first reported, Nonfarm Payrolls (NFP) grew by an average of 83K a month from January to April…
Prior was +162K (revised to +133K) Two-month net revision -60K Unemployment rate 4.2% vs 4.1% expected Prior unemployment rate 4.1% Unrounded unemployment 4.1753% vs 4.1413% prior Participation rate 61.8% vs 61.6% prior U6 underemployment rate 7.6% vs 7.7% prior Average hourly earnings +0.1% m/m vs +0.3% expected Average hourly earnings 3.0% y/y vs +3.2% expected Average weekly hours 34.4…
The week that was The US Dollar’s (USD) rally remained everything but abated, climbing for the third consecutive week and reaching levels last seen in April 2025. The move higher came on the back of a mixed performance in US Treasury yields, extending their rally in the belly and long end of the curve while losing some momentum at…
US stocks are trading higher as slower jobs gains for the month of September reduces the pressure on the Fed to raise rates again. The market’s initial reaction suggests investors are giving more weight to relief on interest rates than to the slowdown in hiring. Payrolls increased just 29,000, while July and August were revised lower by a combined…
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