SaxoTV

Just the job! 271,000 NFP a boost for December US rate rise

744 views
November 06, 2015 eur, euro, euro dollar, europe, european, european central bank, eurozone, eurusd, eurusd trade idea, fed, fed bond buying, fed chair, fed chairman, fed chairwoman, fed filadelfia, fed funds rate, fed meeting, fed minutes, fed news, fed policy, fed rate hike, fed rates, fed stimulus, fed taper, fed tapering, federal, federal government, federal open market committee, federal policy meeting, federal reserve, federal reserve janet yellen, federal reserve rate, federal reserve rate hikes, federal rserve, federal rseserve, federalreserve, fedfed, john hardy, non, non farm, non farm payrolls, non farm payrolls data, non farm payrolsl, non farms, non manufacturing, non-farm, non-farm payrolls, non-farmpayrolls, non-farms, non-manufacturing, nonfarm, nonfarm payroll april 30th, nonfarm payroll data, nonfarm payroll data', nonfarm payrolls, nonfarmpayroll, nonfarmpayrolls, nonfarms, nonh, nonmanufacturing, nonsense usa, saxo bank, saxo tv, trading floor, tradingfloor, tradingfloor saxo bank, tradingfloor.com, tradingfloor.com saxo tv, uk, us, us dollar, us dollar index, us economy, us fed, us federal reserve, us jobs, us jobs data, usa, usd, usd index, usdeur, usdjpy, usus
Another chance to watch Saxo Bank's Head of FX Strategy John Hardy give his live reaction to the latest nonfarm payroll US job numbers. 

NFP: October 271,000 vs 185,000 consensus forecast.

Unemployment rate: 5%.

Average hourly earnings up 0.4% month on month and 2.5% year on year. A breakout from the trend and therefore a key number for US policy makers looking for slack being taken up in the economy. 

John explains why GBPUSD is a big trading story in the wake of the numbers and underlines his view that the Fed will now go ahead with December rate rise; boosted by the strength of the new employment figures.