Strength in ‘Disappointing’ Jobs Report Leaves Fed on Track for Rate Hikes (news: 03/11/17)

Today's press

  • – Despite the fact that Friday’s release of the monthly employment report showed fewer jobs were created in October than forecast, analysts commented that the data left the Federal Reserve in full gear to move ahead with their “gradual” tightening cycle.

  • LONDON (Reuters) – Britain’s economy appears to be picking up speed, according to a survey on Friday that will reassure the Bank of England a day after it raised interest rates for the first time a decade.

  • – Canada’s unemployment rate increased in October despite the economy creating more jobs than forecast, according to official data released on Friday.

  • Members of the House of Representatives on Thursday protested as President Muhammadu Buhari requested their permission to present the estimates of the 2018 budget to a joint session of the National Assembly.

  • Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.

Next trading day's important events

  • 02:50 (GMT+3) Japan – BoJ Monetary Policy Meeting Minutes
  • 04:00 (GMT+3) Japan – Bank of Japan Governor Kuroda Speech

Forex quotes:

  • USDJPY: 114.35
  • EURUSD: 1.1612


  • S&P 500: 2580.31
  • NASDAQ: 6731.04

Source: Alpari

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