New normal NFP, reluctant rate rise – MM #163

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We dive into the NFP and analyze what it means for the Fed into December 2018, and with a new governor. We then move to the UK with the dovish hike by Carney and wrap up with a preview of the next week.

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  1. NFP: The hurricane-impacted jobs report of September was followed by a return to the “normal” levels, especially with wages. What does mean for December? It’s hard to move the Fed from raising rates, but 2018 could be different.
  2. BOE: Carney redefined “gradual” by raising rates but signaling only two hikes in three years. Then, why raise rates? What do they want to achieve by hiking? Are they only paying lip-service to the hawks that are worried about inflation?
  3. Preview: A relatively quiet week allows time for digesting the big news from the previous week. We also have rate decisions from Australia and New Zealand and US consumer confidence.

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About Author

Yohay Elam – Founder, Writer and Editor
I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.

Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.