jobs

Coming in the lead up to a tightly-contested Presidential election, this month’s NFP report could have an outsized impact on sentiment and the US dollar.

The recent consolidation in the US Dollar Index and the Fed’s renewed data dependence could lead to a more-volatile-than-usual reaction in the US dollar.

Meta and Amazon have embarked on their second round of job cuts, and we think more could be on the way.

Microsoft, Alphabet, Meta, Amazon and Salesforce are among the biggest names to cut jobs, but are more to come?

Thankfully, some of the early data suggests that the US consumer remained healthy as of December, and that optimism is keeping expectations for the labor market elevated as well.

Big Tech stocks have paused hiring and started to make layoffs, but are deeper job cuts around the corner?

Traders are split 50/50 between expecting another 75bps rate hike and a downshift to 50bps, so we’re likely to see some market volatility regardless of how this month’s jobs report prints.

The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high. This should give the Fed confidence in raising rates by 75bps tomorrow.

If the NFP print is weaker than expected, there will be a lot of talk about the Fed 'pivot', and markets may see the current trends in stocks and the US Dollar continue!

If the NFP print is weaker than expected, there will be a lot of talk about the Fed pivot, and markets may see the current trends in stocks and the US Dollar continue!

With some calm restored to Wall Street overnight, attention today tuned to the release of Q2 NZ GDP and the Australian August labour force report for August.