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Filtrés par étiquette:  Macroeconomic Theme
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NFP largely as expected

U.S. dollar failed to make any significant headway after the release of labour market and wages report, which came in solid. The report was good enough to prevent a larger scale dollar selling, which most probably would have come on a weak report.
Yen, Swiss franc and Australian dollar were the gainers and British pound the loser. Euro, Canadian dollar and New Zealand dollar ended the day near unchanged. We'll have to wait until Monday to see how Europe will react but this report didn't change t…
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Quiet start to the week

Major currencies opened with gaps again but this time around with smallish ones in what appears to be the quietest open so far this year. Improvement in risk sentiment seemed to come after China managed to stabilize its currency and stock market.
Given the magnitude of the bounce in stocks, oil and risk sensitive currency pairs it seems that an interim bottom may be in place. However, all macroeconomic themes are still ongoing, so it may be too early to speak of a reversal.
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