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Finally, Strong Jobs Data: Outlook- October 5, 2014

Finally, Strong Jobs Data: Outlook- October 5, 2014

5 Years ago | October 05, 2014 00:00:00



Solid September Jobs Data
Friday saw a stronger than expected September employment report. For once, the ADP private jobs Survey predicted a solid report and it was correct. The jobs report was stronger than expected on almost all counts. The only disappointment was average hourly earnings were essentially flat. This suggests that there still is likely little likelihood that the Fed will react immediately to the data, but they could become more cautious about their current dovish stance, Future data of this type could pull forward the time in 2015 when the central bank will start to "normalize" market interest rates. On balance, the news data remained USD positive. With my 1.2500 target reached. I expect a run at 1.2000 i

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