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Write a Squawk to FXTØR
  • Squawk / 09 March 2018 at 13:42 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    US Jobs Report boosts the old Goldilocks narrative. The US jobs report was a head-scratcher for traders after the January data. Most importantly, the average hourly earnings number came in lower than expected (0.1% MoM and +2.6% YoY and Jan. data revised down slightly to 2.8% YoY), making it difficult to argue that the Fed needs to panic and busy themselves yanking the rate hike lever to stave off a wage-price spiral. At the same time, the payrolls growth was very strong at +313k vs. +205k expected and a +54k revision to the prior two months' data on top of that. As well, the household survey was very strong, as the participation rate rose +0.3% to match the high of the range of last three years, while the Unemployment rate was steady at 4.1%.

    The USD may not do much if US rates stay flat, on the other hand this is very strong payrolls data and certainly will help lead to a confident Fed hike and forward guidance at the March FOMC meeting. I generally see this as USD supportive.
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    1y
    IL IL
    thanks :-)
    1y
    FXTØR FXTØR
    Or maybe +/- 100.000 is too little to make diff. look clearer like 0.1 %
    1y
    Hansi Hansi
    Hvordan kan det så være at jeres økonom Steen Jakobsen er meget negativ på USD og du ser det her som positivt. ? Ret forvirrende med så...
  • Squawk / 14 September 2017 at 7:16 GMT
    WOW det kører her ....kan fejle men "1000" X bedre end FING
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  • Squawk / 28 June 2017 at 18:40 GMT
    Sælg imorgen (aller - ) sidst på dagen- falder muligvis ca. 5,0 point fredag 30 06 ved åbning
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  • Squawk / 26 May 2017 at 17:31 GMT
    and on 8 hour chart obvious it has going on for approx 16 days......some 400 pips...
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  • Squawk / 26 May 2017 at 9:39 GMT
    So Guy's ......? still bearish ?? I've turn around and turned 60 pips at home . . . to a start.
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