Intraday Market Thoughts
Good Jobs Report, but not Enough
by
Jun 7, 2013 15:02
The US May jobs report surprised on the upside with 175k NFP but disappointed on the unemp rate by rising to 7.6% from 7.5%, suggesting little reason to alter the notion that no reduction of asset purchases will take part before year-end. If EURUSD rallies on Monday then it would complete the 6th straight daily gain, which is the longest winning streak in over 2 years. 3 new trades in EURUSD were issued ahead of the jobs report, 2 of which are filled and in progress. CAD strengthens across the board on 95.7k net new jobs, beating the 2002 recors. More access in the Latest Premium Insights.
Act | Exp | Prev | GMT |
---|---|---|---|
Nonfarm Payrolls | |||
175K | 170K | 149K | Jun 07 12:30 |
Private Nonfarm Payrolls | |||
178K | 180K | 157K | Jun 07 12:30 |
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