Here we go, NFP beat expectations by a wide margin!!! More than doubled expectations of 250k to rise by 528k and previous month revised upward. Unemployment down to 3.5% vs 3.6% previously and hourly earnings also up to 5.2%YoY!!!
The dollar is up vs JPY, EUR, AUD. DYX up!
The dollar is up vs JPY, EUR, AUD. DYX up!
This follows the very strong US service ISM. US data is on fire! This is a very key data and so swaps are showing markets pricing 75bps for September vs 50bps and US terminate rate pricing jumping.
π₯π₯π₯π₯π₯π₯πΊπΈπΊπΈπΊπΈ
π₯π₯π₯π₯π₯π₯πΊπΈπΊπΈπΊπΈ
US services jobs are very very up. We saw that the ISM service sector was very strong.
This job number is in line w/ the comments the Fed has made.
And guess what RBI was right to hike today by 50bps & focus on inflation & sounded hawkish.
Next wk more hikes in EM Asia.
This job number is in line w/ the comments the Fed has made.
And guess what RBI was right to hike today by 50bps & focus on inflation & sounded hawkish.
Next wk more hikes in EM Asia.
US data this week was strong like a bull πππ
*NFP - surprised on the upside (more than two times expectations & strong like a bull) ππ
*Durable goods orders - higher than expected π
*ISM services - accelerating ππ
*ISM manu - better than expected π
Fed? Well, hike, hike!
*NFP - surprised on the upside (more than two times expectations & strong like a bull) ππ
*Durable goods orders - higher than expected π
*ISM services - accelerating ππ
*ISM manu - better than expected π
Fed? Well, hike, hike!
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