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Two central banks and the US Non-Farms – Weekly Big Picture 2nd September

We have two central banks meeting this week and the US non-Farm Payrolls. Neither the BoC or RBA are expected to cut rates although the latter may need to sooner rather than later. Either way it may be down to what is said rather than what is done on this occasion.

The non-farms have been lacking any real surprises and thus volatility of late. They key number will be the average earnings which is expected to come in at 0.3%. Unless there is a large miss to the downside with this or the employment change I don’t expect too much again this time.

2 Comments

  1. Giles-Reply
    September 5, 2019 at 12:03 pm

    Where does Kim get his analysis from? Ie website etc.
    I’m loving his brilliant analysis

    • Kym Watson-Reply
      September 5, 2019 at 12:49 pm

      Thanks Giles.

      I collect it from the relevant economic sources, read a lot from the central banks and their reports, the COT report is out there on the CME and CBOT web sites. You can collect good comments from the likes of forexlive and forex factory gives a good calendar. What I tend to do is just make notes as we go through the week and then build up my own thoughts from a logical perspective. All of the data is free, it really is just combining it.

      Cheers Kym

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