- Non-farm payrolls +114K vs +115K exp
- Crazy old man sparks day-long Twitter row over accuracy of NFP numbers
- Canadian Sept employment +52.1K vs +10K exp
- Saenz: Spanish bailout not a question of if, but when
- Rajoy: Spain hasn’t made up its mind yet
- ECB’s Asmussen: Not a done deal that Greece will get next aid tranche
- Fed’s Dudley: Housing a key impediment to growth.
- Fed’s Duke: US has extraordinary amount of vacant and distressed properties
- European Institute sees recession through Q1 2013
- Joint statement calls for European banking supervision this year
- US consumer credit up most in three months
- Another Spanish region gets on the dole
- S&P 500 flat at 1461
- CAD leads, AUD lags
Hard to feel too strongly either way. On the one hand, the euro rallied to the highest since September after NFP. On the other, it gave up almost all its gains by the end of the day. Daily range 1.3071-1.2994. Closing around 1.3029.
USD/JPY jumped to 78.87 after payrolls from 78.50 then slid back to 78.67.
The Canadian dollar also benefit ted from strong domestic numbers, sliding 70 pips to 0.9735 but later gave back almost all the gains.
AUD was battered repeatedly throughout the day. AUD/USD couldn’t clear 1.0275 after the upbeat payrolls news and keeled over and died after stops below 1.0240 broke. Cascading losses continued as low as 1.0152. Last at 1.0170.
Gold $1781. Oil $89.88.
