ADP NFP +200K – USD Slightly Stronger
200K private sector jobs were created in March, slightly better than expected. However, there was a downwards revision for February: 205K instead of 214K reported. The dollar is marginally stronger. The ADP Non-Farm Payrolls report was expected to show a gain of 194K private sector positions in March, slightly under the 214K seen in February (before revisions). […]
EC The Effect Of Exchange Rate Shocks On Domestic Prices
Written by Mary Amiti, Oleg Itskhoki, and Jozef Konings from Liberty Street Economics Changes in exchange rates directly affect import prices. Since the beginning of 2014, the U.S. dollar has strengthened by 17 percent against the currencies of its major trading partners while import prices have fallen by 4 percent. The pass-through from exchange rates into […]
The Stock Whisper Of The Day: SPY, AKS, EWZ
Hot stocks of the day: SPY, AKS, EWZ Video length: 00:5:53
After Yellen, The US Dollar May Be In Serious Trouble
If the Federal Reserve’s March policy meeting wasn’t a big enough hint in its own right, then yesterday’s speech by Fed Chair Janet Yellen should have gotten the message across loud and clear: the Fed’s rate liftoff will be gradual, and that accommodative monetary policy remains in place. Markets have certainly gotten the message. While some non-voting FOMC members […]
March 2016 ADP Job Growth At 200,000 – At Expectations
ADP reported non-farm private jobs growth at 200,000. The rolling averages of year-over-year jobs growth rate remains strong but the rate of growth continues in a downtrend (although unchanged this month). The market expected 165,000 to 225,000 (consensus 203,000) versus the 200,000 reported. These numbers are all seasonally adjusted; In Econintersect‘s March 2016 economic forecast released […]
Sector ETFs To Buy If Crude Slump Persists
The relief of above-$40 oil, felt in mid March, was short-lived as oil has returned to the declining trail once again. Yes, the possibility of a rebalancing of the oil market in the wake of the potential output freeze deal by major producers spread optimism in the oil patch; but the double whammy of a […]
Today’s Trading Plan: Keeping It Dovish
Technical Outlook: SPX had a solid day yesterday following dovish remarks about future rate increases from Janet Yellen. Her dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows. Volume yesterday on the SPY was notably higher than recent days, but […]
Boeing Will Terminate More Than 4,500 Workers
Now that Yellen has taken us back to square one where the worse the news, the better for assets, the latest announcement by Boeing (BA), which overnight announced it will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts […]
EUR/USD And GBP/USD Forecast – March 30, 2016
EUR/USD The EUR/USD pair initially fell during the day on Tuesday, but found enough noise and support below to turn around and shoot much higher. With this, it’s very likely that we will continue to see quite a bit of bullish pressure and now that we are touching the 1.13 level, I now think that […]
Dovish Yellen Propels DAX 30 Higher. ADP On Tap
The DAX 30 (FXCM: GER30) is higher by 0.83% at the time of writing as the Fed’s Yellen hinted on Tuesday that the Fed will be careful when it comes to further rate hikes. External pressures such as softer emerging markets and crude oil prices appear to be playing a bigger role in the Fed’s monetary policy. […]
