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NFP Instant Reaction: Essentially Perfect

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Let’s skip the formalities: today’s NFP report was essentially perfect. The marquee US (and global) jobs report showed that the world’s largest economy created a stunning 271k jobs, crushing economist’s best estimate of 181k and the previous report’s negatively-revised 137k reading. While our forecast was above consensus , even we didn’t anticipate such a stellar report. Beyond the headline number of jobs created, the under-the-surface details were just as strong. As expected, the unemployment

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