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Market Reports

6:00am, December 3rd 2021

NFP In Focus

As markets regain their footing after the recent Omicron-induced wobble, the next hurdle facing participants is today’s US non-farm payrolls report. Expectations have built up for another strong report which has kept the greenback well sought after. It has also prevented the GBPUSD rate from recovering any of its recent losses which have seen it fall from $1.36 three weeks ago, down to lows of $1.3190, seen earlier this week.

Even though the GBPUSD pair has moved significantly lower since its highs of $1.43 earlier this year, more weakness cannot be ruled out. The Fed are now focused on inflation and consistently good data only applies further pressure on them to speed up their policy actions.

Today’s headline number is forecasted at 550,000 with the unemployment rate expected to fall to 4.5% from 4.6%. The data will cross news wires at 1.30 pm and could create significant volatility across all asset classes; please speak to your Cornhill dealer should you require any levels monitored.

Written by Viv Savani. 6:00am, December 3rd 2021

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

6:39am, December 9th 2021

Fresh UK Restrictions Announced

View Report
6:25am, December 8th 2021

Markets Await US Inflation Data

View Report
6:51am, January 11th 2022

All Eyes on Powell Confirmation

View Report


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