Forex Strategy Video: How Will the Dollar, S&P 500 Respond to NFPs?
• In the past year, the market's response to the NFPs release has deviated significantly
• Will the S&P 500 respond to growth or Taper implications from the US employment data
• The implications of volatility and risk are key to this data's impact on the US Dollar
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Last month, the December NFPs posted the biggest 'miss' since October 2008...yet both the S&P 500 and USDollar were little changed. What should we expect from this Friday's employment report? Is this data simply not market moving? Is there confusion between payrolls and the unemployment rate - joblessness dropped to 6.7 percent in January. Or, perhaps the Taper outlook has been fully priced in? This data is still exceptionally important to monetary policy and risk trends - the market's two dominant themes. Yet, generating an immediate response versus a medium-term bearing requires a specific outcome. We discuss this jobs report and its impact on the dollar and markets exclusively in today's Strategy Video.
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