Show less
#TechWeek: Why the Mobile World Congress just got exciting
Alex Forrest Whiting
Yesterday at 14:18 GMT
#TechWeek: How Samsung is fighting back
Owen Thomas
Yesterday at 13:37 GMT
Garnry: Why I think Maersk is undervalued
Peter Garnry
Yesterday at 11:18 GMT
#TechWeek: Stuart Miles on 'wearables' at the MWC
Owen Thomas
Yesterday at 11:10 GMT
What can stop the USD's march higher?
John J Hardy
Yesterday at 10:54 GMT
EURUSD's 'powerful' long term downtrend
Owen Thomas
Yesterday at 10:21 GMT
Lambert: How to trade the rising DAX
Clive Lambert - FuturesTechs
Yesterday at 8:01 GMT
Hansen: Twin trading tracks for oil and gas
Ole Hansen
Friday at 13:53 GMT
Jakobsen: Warning! US slow down ahead
Steen Jakobsen
Friday at 11:52 GMT
Neighbour: Shorting HSBC’s recent tax scandal
Joe Neighbour
Friday at 7:48 GMT
Wunderbar! Germany is back in business
Mads Koefoed
Thursday at 13:26 GMT
Coleman: Reeling in Cable
Ian Coleman - First 4 Trading
Thursday at 7:26 GMT
Saxo TV / 03 July 2014 at 14:07 GMT

Beecroft on US jobs, the dollar and why Yellen's not for turning

Nick Beecroft
288,000 new jobs were created in the United States in June, comfortably beating expectations. The unemployment rate also dropped by more than expected to 6.1%. The Chairman of Saxo Capital Markets, Nick Beecroft, says he's struggling to find fault in the non-farm payroll numbers. He also dismisses those who say Fed Chairwoman, Janet Yellen, is behind the curve, given the strength of the US economy. "It's far too early to say that", he says.
The Dow Jones index hit 17,000 for the first time after the jobs' news. The dollar was also up against all its major counterparts. Nick says USDJPY will benefit from the strong jobs numbers and relative dollar strength should continue. 


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Investment Research
- Full disclaimer

Show latest activity
Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail