Yellen and Nonfarm Payrolls are the highlight - TDS

FXStreet (Guatemala) - Analysts at TD securities noted that the Yellen appearances & US Non-Farm Payrolls take the biscuit next week on 2 to 4 Dec.

Key Quotes:

"Three key moments for the Fed happen next week. First up are a pair of Yellen appearances, which includes a speech titled “Economic Outlook” in front of the Economic Club of Washington (2 Dec), and an appearance on the economic outlook in front of the Senate’s Joint Economic Committee (3 Dec).

Yellen’s appearances will provide a platform for her to outline her thinking ahead of the all-important FOMC meeting, but all that’s required to keep 16 Dec fully priced in is for her to stay on-message. We will be looking for any discussion of the exchange rate, however, as DXY again continues to touch on its recent highs.

Later in the week we get the final NFP report ahead of the 16 December FOMC meeting, where the Fed is widely expected to hike the fed funds rate. The positive tone in the array of employment indicators suggests that the US labor market recovery is back on track, though the 271K surge in jobs growth in October is unlikely to be sustained going forward.

In November, TD expects the US economy to create a fairly healthy 219K jobs (consensus: 200k), underscoring that the labor market has regained its footing after earlier missteps.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD falls toward 1.19 after robust US Nonfarm Payrolls data

EUR/USD is trading above 1.19 after dipping below that number in response to the US Nonfarm Payrolls, which showed an increase of 379K jobs in February. Higher yields in response to Powell are keeping the dollar bid.


GBP/USD recovers after post-NFP dip below 1.38

GBP/USD is trading above 1.38 bus till down the day. The US gained 379.000 jobs, roughly double than expected and supporting the dollar. The Senate's stimulus debate is eyed.


XAU/USD battles 1700 level

Gold is staging a rebound toward $1,700 amid proift-taking ahead of the weekend but remains on track to close the third straight week in the negative territory.

Gold News

Ethereum price primed for a swift recovery as the network prepares for a major update in July

Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.

Read more

US Dollar Index pushes higher to 92.20 on stellar Payrolls

The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).

US Dollar Index News