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07/04/2019 Holiday Update
Posted: Wed Jul 03, 2019 2:24 pm
by Cobra
Just a starter in case someone would like to post. Actually anyone can start a thread...
Non farm payroll Friday has been bull friendly recently.
Re: 07/04/2019 Holiday Update
Posted: Wed Jul 03, 2019 2:25 pm
by Cobra
here's the seasonality around the Independence day.
Re: 07/04/2019 Holiday Update
Posted: Thu Jul 04, 2019 1:15 pm
by Al_Dente
Re: 07/04/2019 Holiday Update
Posted: Fri Jul 05, 2019 12:19 am
by Cobra
Thank you.
Re: 07/04/2019 Holiday Update
Posted: Fri Jul 05, 2019 8:54 am
by daytradingES
For Friday 5 July 2019:
WRAPUP 2-U.S. job growth surges, but wage growth remains tepid
(Updates with report)
* Nonfarm payrolls increase 224,000 in June
* Unemployment rate rises to 3.7% from 3.6%
* Average hourly earnings gains 0.2%; workweek at 34.4 hours
By Lucia Mutikani
WASHINGTON, July 5 (Reuters) - U.S. job growth rebounded
strongly in June, but moderate wage gains and mounting evidence
that the economy was slowing sharply could still encourage the
Federal Reserve to cut interest rates this month.
The Labor Department's closely watched employment report on
Friday suggested May's sharp slowdown in hiring was probably a
fluke. Lack of concrete progress in resolving an acrimonious
trade war between the United States and China, however, means
the bar could be very high for the Federal Reserve not to lower
borrowing costs at its July 30-31 policy meeting.
The U.S. central bank last month signaled it could ease
monetary policy as early as this month citing low inflation as
well as growing risks to the economy from an escalation in trade
tensions between Washington and Beijing.
President Donald Trump and Chinese President Xi Jinping last
week agreed to a trade truce and a return to talks. Trump has
said he is in "no hurry" to make a deal and on Wednesday accused
China and Europe of "playing big currency manipulation game and
pumping money into their system in order to compete with USA."
Re: 07/04/2019 Holiday Update
Posted: Fri Jul 05, 2019 8:59 am
by daytradingES
Materially higher-than-expected U.S. non-farm payrolls data would make the U.S. dollar and Treasury yields rise, as markets may partly scale down interest rate cuts by end-2019, said ING.
"Aggressive pricing of forthcoming Fed stimulus suggests that the risks for the dollar are mostly tilted to the upside ahead of the release," it said. Unless the jobs report shows a radically lower figure, a "broadly solid" reading would still be interpreted as a confirmation that the U.S.
Federal Reserve will only cut interest rates by 25 basis points--instead of a 50 basis-point cut--at its meeting later this month, the bank added.
