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NFP outcome less important? Markets focused on China

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Outlook: Some say today’s payrolls is less important given the China story and others say it’s more important. The “more important” crowd, including the WSJ, say good numbers today would imply the US recovery is robust enough to lead the world out of recession. But aside from psychological effects, which are admittedly not trivial, the mechanism for “leading” the world would have to be trade. And while the US trade numbers are indeed huge, trade accounts for only 23% of US GDP (vs. over 80% in

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