Feb 04

Poor Claims Data Weighs On Non-Farm Payroll Forecasts

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G10 Advancers and Decliners vs USD
JPY 0.81
CHF -0.50
GBP -0.79
EUR -0.91
Today’s worse than expected US claims data has paved the way for an extremely interesting non-farm payroll release tomorrow. Initial claims came in at 480k (vs. 460k expected) and there were slight upward revisions to last week’s data (from 470k to 472k). Continuing claims were also higher (at 4602k vs. 4580k expected) which has negated the positive sentiment from yesterday’s better that expected…
Feb 04

FX Note: JPY rides high on sudden market panic

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Markets shift into panic mode and the JPY is taking a stick to the rest of the G-10 currencies. Commodity currencies are the hardest hit. What are we to make of this suddenly ugly situation?

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Feb 04

Nonfarm Payrolls: 824,000 jobs to disappear

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The annual revision is just one of many factors that make this particular report on Nonfarm Payrolls very uncertain. Our forecast is -14,000, roughly in line with the ADP Employment Change, which…

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