SaxoTV

Jakobsen: Weak US jobs data could boost market sentiment

1,297 views
February 05, 2016 conditions, defensive, federal reserve, hike, inflation, interest rates, market, monetary policy, nfps, non farm payrolls, nonfarm payrolls, potential, price action, rate hike, risk, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo capital markets, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, sentiment, steen jakobsen, trade, trade idea, trader, traders, trading, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloorcom, upside, us fed, us federal reserve, us jobs data
A weak US jobs report could provide the markets with a boost as it might force the US Fed to tone down its hawkish rhetoric, says Saxo Bank's Steen Jakobsen.

While not a big fan of the nonfarm payrolls as an indicator, Jakobsen acknowledges that it remains one of the key indicators for the markets in terms of forecasting any action from the US Federal Reserve, which has US jobs and inflation as its key objectives.

Jakobsen also looks at how to trade in the current market, where conditions seems to suggest traders should be defensive while looking out for any upside potential.