Monday, August 8, 2016

US NFP came in above expectations at 255K. Jobless rate steadied at 4.9% even as labour force participation rate





FX Research
by Saktiandi Supaat


NFP Surprises





US NFP came in above expectations at 255K. Jobless rate steadied at 4.9% even as labour force participation rate inched higher 62.8% from 62.7%. Average hourly earnings accelerated to 0.3%m/m from previous 0.1%. The DXY index spiked towards the 200-DMA before tapering off just above the 96-figure as we write in early Asia. US and European equities were buoyed, also underpinned by stimulus package unleashed by BoE last Thu...

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