5 stories on NFP from MarketRadar.
S&P 500 futures climbed out of their August-September downtrend channel and are now testing a shorter descending trendline near 7,810, after a soft September jobs report cut October Fed hike odds to about 23%.
September's jobs report showed just 29,000 new jobs against 90,000 expected, sending the Nasdaq to a record 27,191 as traders cut October Fed hike odds to 21%.
BBH's dollar-uptrend call met a stiff test as September payrolls printed at just 29K vs 90K expected — denting the case for further Fed tightening the bank had backed.
September payrolls printed at just 29,000 — far below the 90,000 consensus — reshaping bets on the Fed's October rate decision and the dollar's path.
GBP/USD clung to 1.3200 into Friday's US jobs report — then September payrolls printed at just 29K vs 90K expected, knocking the dollar and giving sterling breathing room.
