Today’s Analysis

    6

    Jan 2023
    ADP result surprised the market, all eyes switched to NFP

    U.S. equities continued to fall throughout Thursday’s trading. Equities retreated due to the upside surprise from the ADP nonfarm employment change, which showed that employers added 235,000 jobs in December, and initial jobless claims, indicating 204,000 claims in December. The …

    5

    Jan 2023
    FOMC minutes showed Fed would keep raising rates

    The FOMC minutes reaffirmed multiple things that Chairman Jerome Powell attempted to communicate to market participants during his previous speech in December of 2022. The minutes reiterated the central bank’s determination to bring the inflation level down to the targeted …

    4

    Jan 2023
    Market prefers safe-haven instruments at the start of the year

    The market started the year 2023 in a safety mode, creating demand for US Dollars and Gold as safe-haven instruments while waiting for this week’s US key economic data and events. The dollar advances, the yen stabilizes and the oil …

    3

    Jan 2023
    Week ahead: All eyes on US Non-Farm Employment Change and FOMC Meeting Minutes

    The US will release the Non-Farm Employment Change and FOMC Meeting Minutes this week.  The Non-farm Employment Change is expected to show a total of 220,000 jobs added in December, down from the 263,000 jobs added in November. Forecasters also …

    3

    Jan 2023
    Economic data-packed week starts 2023

    American markets start trading today. Before Asia opened, U.S. equity futures surged. An economic data-packed week will start the year. ADP and the Department of Labor will report nonfarm employment change and first jobless claims during the late American trading …

    30

    Dec 2022
    US equities climbed as the stronger jobs data would support more aggressive policy

    US stocks rose in a broad-based rally and Treasury yields fell as data allayed fears of a supercharged jobs market that would support a more aggressive policy path. A gauge of the dollar fell. Investors took solace in US jobs …

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