Market Overview Analysis by Matthew Weller covering: US Dollar Index Futures, US Dollar Index. Read Matthew Weller's latest article on Investing.com
, but not certain, to cut interest rates by 25bps later this month, and a strong jobs report could reopen the door for close decision.The US jobs market suffered a setback last month with the worst NFP reading in nearly four years, with the Bureau of Labor Statistics estimating that the US economy created just 12K net new jobs in October.
In that scenario, traders will want to mark next week’s CPI and PPI reports on their calendar as potentially major volatility catalysts heading into the FOMC meeting.As regular readers know, we focus on four historically reliable leading indicators to help handicap each month’s NFP report:Weighing the data and our internal models,
Ultimately, readers may expect a brief bout of volatility in the wake of the release as traders adjust to the new data, but the initial move may be relatively short-lived as they weigh the mixed near-term outlook and upcoming data.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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