SaxoTV

211,000 reasons why the path is clear for a Fed rate hike

702 views
December 04, 2015 bins, eq, equities, equity, eur, eurgbp, euro, euro area, euro dollar, euro zone, eurodollar, europa, europe, europe growth, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurozone recovery, eurusd, fed, fed bond buying, fed chair, fed chairman, fed chairwoman, fed filadelfia, fed funds rate, fed meeting, fed minutes, fed news, fed policy, fed qe, fed rate decision, fed rate hike, fed rates, fed stimulus, fed taper, fed tapering, federal, federal government, federal open market committee, federal policy meeting, federal reserve, federal reserve janet yellen, federal reserve rate, federal reserve rate hikes, federal rserve, federal rseserve, federalreserve, fedex, fedfed, foreign exchange, forex, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, hardyjob, jobless, jobs, jobs data, jobs figure, jobs growth, jobs market, jobs miss estimates, jobs rate, joe neighbour, john, john hardy, john hardy forex, john hardy saxo bank, john j hardy, johnhardy, johnjhardy, jopb, jpy, jpy crosses, macro, non farm, non farm payrolls, non farms, non-farm payrolls, non-farms, nonfarm, nonfarm payroll data, nonfarm payrolls, nonfarmpayroll, nonfarmpayrolls, nonfarms, united states, united states of america
The latest nonfarm payrolls number: 211,000 new jobs added in the US during the month of November can be seen as the final milestone on a long road towards a rate hike. It would be the first interest rate rise in almost ten years. After October's number of 271,000 the Fed chair Janet Yellen now has all she needs, in terms of jobs data, to go ahead with a widely expected raise. More importantly perhaps than the headline figure; wage growth and the unemployment rate remain steady.    

Here's another chance to see John Hardy, Saxo Bank's Head of FX Strategy, give his live reaction to the nonfarm payrolls data being announced and talk through his trading strategies based on an imminent rate hike and ECB divergence from the Fed.