7 Jul 2014
Markets still chewing Payrolls numbers – Danske Bank
FXStreet (Edinburgh) - According to Anders Lumholtz, Senior Analyst at Danske Bank, the recent NFP results confirms the solid momentum fro the US labour market.
Key Quotes
“As the US was closed on Friday due to Independence Day, market attention in the US session is likely to remain on the implications of the strong non-farm payrolls”.
“We expect trend job growth to rise gradually to 250k-300k in H2, as growth picks up further steam”.
“As core inflation is also bottoming out and housing is expected to recover, this will likely lead to less dovish talk from Fed during the autumn and more risk/term premium in the US money market curve”.
Key Quotes
“As the US was closed on Friday due to Independence Day, market attention in the US session is likely to remain on the implications of the strong non-farm payrolls”.
“We expect trend job growth to rise gradually to 250k-300k in H2, as growth picks up further steam”.
“As core inflation is also bottoming out and housing is expected to recover, this will likely lead to less dovish talk from Fed during the autumn and more risk/term premium in the US money market curve”.