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Market Reports

8:11am, March 6th 2023

Greenback in Focus

Investors are preparing for a busy week of trade with several key events on the horizon. First and foremost, the latest set of US jobs numbers is due for release on Friday. After January’s blockbuster jobs data, printing north of 500,000, February’s figures are expected to moderate at 200K. The unemployment rate is forecast to hold steady at a 5-decade low of 3.4%.

Remaining in the US, Fed chairman Jay Powell will testify in front of the Senate and House of Representatives on Tuesday and Wednesday, respectively. His words will be closely monitored by markets to gauge how the central banker has interpreted the strong run of US data recently.

Elsewhere, UK data on Friday will show how the economy fared in January after it narrowly avoided a recession in the final quarter of 2022. GDP numbers are due to show a 0.1% gain in the first month of 2023. There will be 3 central bank announcements of note, the Bank of Japan, Canada and the Reserve Bank of Australia will all deliver decisions this week.

Written by Viv Savani. 8:11am, March 6th 2023

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

7:49am, March 22nd 2023

Another Fed Rate Hike?!

View Report
6:34am, March 17th 2023

ECB Hike 50bps

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8:04am, March 21st 2023

Manic Monday

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