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NFPs Enter the Spotlight, Carney’s Words Hit GBP, CAD Awaits Jobs Data

JFD

Today, the spotlight could turn to the US employment report for December, where strong numbers could ease further concerns with regards to the US economy, and also prompt participants to push back their bets over another Fed cut. The pound slid after BoE Governor Carney hinted that the Bank could cut rates if economic weakness persists. On today’s agenda, apart from the US employment report, we also have jobs data from Canada.

Markets Stay “Risk On” Ahead of US Jobs Data

The dollar traded higher against all but two of the other G10 currencies on Thursday and during the Asian morning Friday. It gained the most against NZD, SEK, JPY, and GBP, while it underperformed slightly only against CHF and AUD.

In the equity world, most major EU bourses continued sailing in positive territory, while all three major US indices hit new record highs. The sanguine morale was...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/nfps-enter-the-spotlight-carneys-words-hit-gbp-cad-awaits-jobs-data-20200110
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