Nick Batsford, CEO of Tip TV, was alongside Zak Mir, technical analyst for ShareProphets.com, when he opened the Tip TV Finance Show on the 2nd October 2015 to discuss the release of the US non-farm payroll numbers today, as well as US car sales and Super Mario Draghi.
Non-farm payroll numbers will do nothing for the rate hike situation
Mir noted that the market rally on the last day of the quarter is a clear sign of people covering their shorts, which is expected ahead of the US NFP numbers today. He continued that the non-farm payroll numbers do nothing for the interest rate hike situation, with the window closing quickly on Yellen and the Fed to make a move, overall he concluded the Fed have made a mess of the situation. Batsford commented on FX Street, who highlighted a 203k print could be a non-event and would only add to the unlikely chance that a US rate hike would occur in 2015. Meanwhile, they added Sterling could cheer with a strong NFP number.
VW already in trouble, and emissions scandal only worsening situation
Batsford commented on Nicole Elliot, who outlined that Annualised US auto sales soared in September to a record high of 18.2 million units from 17.8 in August and way above some of the higher forecasts. The biggest of the bunch, GM, saw volume increase 12% to 251,000 units shifted, meanwhile, Ford was up 23% and Fiat Chrysler had its best September since the year 200 with Jeep sales also up 40%. Not surprisingly, Volkswagen sales rose a paltry 0.6% on the month – but did better than August results of an 8% decline. Mir added that it is clear that within the US, US car makers are winning the war in the US.
Global Citizen Award for Draghi
Batsford commented on Elliot, who continued that ECB President Mario Draghi said ‘growth id returning. The way forward is identified. And we will not rest until our monetary union is complete’.
Watch the video to see more on JLP, PETS and SAB, plus Mir’s view on the effects of M&A on a chart.
We are not authorised by the Financial Conduct Authority of England and Wales. The information and/or data on this website is provided by us and any data providers which may be used by us for your general information and use only and is not intended for trading purposes or to address your particular financial or other requirements. In particular, the information and/or data on the website:
(1) does not constitute any form of advice (financial, investment, tax, medical, legal, spread -betting or otherwise); and (2) does not constitute any inducement, invitation or recommendation relating to any of the products listed or referred to; and (3) is not intended to be relied upon by you in making (or refraining to make) any specific investment, placing any bet or making any other decision; and (4) has not been issued or approved by Tip TV for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended from time to time).
Opinions expressed by speakers in the videos, writers of the blogs are only opinions and not expert advice. These opinions do not necessarily agree with those held by Tip TV, its directors, agents or employees who disclaim any intent to make betting, securities or securities markets recommendations. The value of investments and the income derived from them may fall as well as rise. APPROPRIATE EXPERT INDEPENDENT ADVICE SHOULD BE OBTAINED BEFORE MAKING ANY INVESTMENT, PLACING ANY BET OR MAKING ANY OTHER DECISIONS.
Recommended Content
Editors’ Picks
AUD/USD tests lows near 0.6550 after dismal Aussie Retail Sales, mixed China's PMIs
AUD/USD is testing lows near 0.6550 after Australian Retail Sales dropped by 0.4% in March while China's NBS April PMI data came in mixed. Upbeat China's Caixin Manufacturing PMI data fails to lift the Aussie Dollar amid a softer risk tone and the US Dollar rebound.
USD/JPY rebounds to 157.00 after Monday's suspected intervention-led crash
USD/JPY is trading close to 157.00, staging a solid rebound in the Asian session on Tuesday. The pair reverses a part of heavy losses incurred on Monday after the Japanese Yen rallied hard on probable FX market intervention by Japan's authorities. Poor Japan's jobs and Retail Sales data weigh on the Yen.
Gold prices soften as traders gear up for Fed monetary policy decision
Gold price snaps two days of gains, yet it remains within familiar levels, with traders bracing for the US Fed's monetary policy decision on May 1. The XAU/USD retreats below the daily open and trades at $2,334, down 0.11%, courtesy of an improvement in risk appetite.
BNB price risks a 10% drop as Binance founder and ex-CEO Changpeng Zhao eyes Tuesday sentencing
Binance Coin price is dumping, with the one-day chart showing a defined downtrend. While the broader market continues to bleed, things could get worse for BNB price ahead of Binance executive Changpeng Zhao sentencing on Tuesday, April 30.
FX market still on intervention watch
Asian foreign exchange traders will be particularly attentive to any signs of Japanese intervention on Tuesday, following reports of Tokyo's involvement in the market on Monday. This intervention action propelled the yen upward from its 34-year low of 160 per dollar, setting off shockwaves of volatility.