This morning’s stronger than expected ADP report sparked some optimism for tomorrow’s Non-Farm Payrolls release. Over the past 12 months, ADP has consistently underestimated NFPs which means that non-farm payrolls could be much stronger than expected. The current forecast calls for job growth of 105k. The following chart shows how ADP underestimated [...]

Posted in ADP, non-farm payrolls 2 Comments »

Speculation that Bank of American may need USD$34bn of capital has triggered fresh concern about the results of the stress tests on banks, which are due for release on Thursday. However despite these fears, there is growing evidence that job losses may have tempered with non-farm payrolls likely to see the smallest decline in [...]

Posted in ADP, forex blog, non-farm payrolls 3 Comments »

It is the beginning of the fourth quarter and demand for US Dollars continues to be voracious, driving the EUR/USD below 1.40. In less than 2 weeks, the most liquid currency pair in the world has fallen close to 6 percent or more than 8.5 cents (850 pips).
However the dollar is not [...]

Posted in ADP, Bernanke, Fed Rate Cut, Forex News, Forex Podcast, Japanese Yen, US Dollar, US Economy, eur/usd, euro, euro oil, forex blog, fx correlations, fx weekly 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 05:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Non-Farm Payrolls Drop 80k
Dell Plans to Cut More than 8,800 jobs
Jobless Claims Indicate that Recession Has Started
Britain’s $60,000 Tax Bill
Canadian Employment Rate Jumps to 6% [...]

Posted in ADP, Bernanke, Canadian Dollar, FX Radio, Fed Rate Cut Expectations, Forex Podcast, US Dollar, US Economy, Wall Street Journal, dollar record low, non-farm payrolls, recession No Comments »

The currency market is failing to react to Bernanke’s comments which suggest that if we have a stronger non-farm payrolls number on Friday, we could see a serious bottom in the US dollar.
The ADP employment report for the month of March was much stronger than expected. However I am skeptical of the accuracy [...]

Posted in ADP, Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Forex, Forex News, US Dollar, US Economy, Wall Street Journal, non-farm payrolls, recession No Comments »