Anyone scalping the FTSE Futures??

Although the unemployment rate is very sensitive to statistical adjustments, a decline as steep unemployment in weak job creation scenario is a rather contradictory combination. The only certainty that stemmed from this report is that wages continue to grow (0.20% monthly; 2.50% in annual terms), confirming the trend of recent months. The main reading from this report is that increases uncertainty about the future of monetary policy in the US. This indicator raises the question whether after this data (which should probably be revised upwards next month) is sufficiently striking for the Fed to postpone a possible rise in interest rates at the July meeting. Although these figures decrease the likelihood of an increase in interest rates, increase the uncertainty in the current environment and the uncertainty is the worst threat to the financial markets. Investors fear over an uncertain and unknown factor than a negative factor already know. In this context the intervention of Janet Yellen in Philadelphia (17h30) will be closely followed.
 
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Beyond the issue associated with the future of interest rates in the US (and its impact on the Euro), European investors will begin to give increasing weight to the referendum on the United Kingdom staying in the European Union, to be held on 23 this month. After a great advantage in favor of permanence, recent surveys point to a minimum differential between the two camps. In addition to surveys, investors have monitored the odds that the bookmakers have assigned to each scenario. Another barometer is the evolution of the British Pound. An appreciation of the British currency may indicate a greater likelihood of victory to the "Remain in EU". The reverse case provide an opposite conclusion.
 
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