| IMM specs add to dollar longs this week Posted: EUR shorts at record high as well. |
| US Admin Off’ls Upbeat On Mar Jobs Gain;Warn Of ‘Bumps’ Ahead Posted: By Brai Odion-Esene WASHINGTON (MNI) - Senior officials within the Obama administration sounded an upbeat note Friday following the release of a positive employment report for March but said more effort is needed on job creation to deal with an unemployment rate that is still too ... |
| Hoppy Easter to all Posted: Okay, I thin we know how this is going to end, with the greenback well supported and the commodity currencies doing well on the JPY crosses. US bonds retain a very firm tone yield-wise in a holiday-thinned session. 2-year notes are up to 1.10% while 10s are yielding 3.945%, the highest ... |
| Next Wk/US: Fed Offls,Cen. Bank Mtings,Pending Homes,Cons Cred Posted: By Theresa Sheehan PRINCETON (SMRA) - Next week both the pace of economic data releases and their importance to markets of the will decrease. There is very little that has the potential to be market-moving, so there will be plenty of time to digest the data ... |
| I doubt it Posted: The Fed went out of its way to signal its intention to raise the discount rate to the market well before doing so. This time around, there has not been a peep. I suspect they will be quite clear about their intentions before bumping the rate back up to its ... |
| US BLS:Priv Sectr NFP Gain Highst Since May07;Census Hired 48k Posted: --Construction Sector Improvement of Note --But Monthly Earning For All Workers Dwn For 1st Time Since Jan'07 --Monthly Earnings For Production Workers Down 1st Time Since Apr, 2003 By Yali N'Diaye WASHINGTON (MNI) - The March nonfarm payrolls did not rise as much as analysts had expected, but ... |
| US yields at nearly 1-year highs Posted: US bond yields at at 3.93%, their highest levels since May of last year. We blipped up to 4% briefly in the beginning of May 2009 and we are aiming for that level again. The buck is getting a major boost from the firmer yields as the market welcomes the stronger ... |
| Greeks say austerity unfairly applied Posted: Polls can be tricky as questions can be asked in such a way as to elicit a pre-determined response, so take them with a grain of salt, especially on social issues. That said, Reuters reports a poll of Greeks finds about 75% say that austerity measures are being unfairly applied, ... |
| US Treasury declines comment on NY Times report Posted: Here is the nugget that caught the market's eye. For now, the United States is setting aside potentially the most divisive issue in the relationship, deferring a decision on whether to accuse China of manipulating its currency, the renminbi, until well after Mr. Hu's visit, according to ... |
| AUD/USD eyes downtrend resistance Posted: AUD/USD is getting a modest lift from the mixed employment report. The fact that the private sector led the job growth is a good sign for a sustainable recovery and supports the reflation or "risk" trade, of which Aussie is one of the star players. Keep an eye on 0.9225, the ... |
| Yields, edge up after employment report Posted: Though the headline was less robust than expected, bond yields are edging up slightly. 10-year notes up up a basis point or two to 3.89% while stock futures are very modestly higher, with the S&P up less than a point. USD/JPY is getting the best bang for your buck, rising to ... |
| ANALYSIS: US Mar Jobs +162k,9.7% Unemply:Census/Weather Effct Posted: --AHE -0.1% to +1.8% YOY; Census Effect Was +48k NSA Jobs By Joseph Plocek WASHINGTON (MNI) - The March employment data show temporary Census and weather-rebound effects, but also show Q1 marked an inflection point for a steady jobs market. March payrolls ... |
| Payrolls rise 162,000, rate 9.7% Posted: Private sector jobs rose 123,000, so while the headline is disappointing, the private sector did better than expected. Only 48,000 census jobs were created in March, much fewer than expected. February was revised to -14,000. |
| T-Minus 20 minutes and counting Posted: The dollar is on firm footing ahead of the payrolls report. EUR/USD's rally has stalled just below the downtrend line which comes in this morning at 1.3605. A break and close above that level will be confirmation of a EUR/USD medium-term bottom. Traders will be especially attuned job growth after stripping ... |
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