Today's Postponed Jobs Report a New Casualty of Government Shutdown Day 4October 04, 2013 Posted by: Minh Trang
We close the week with the USD slightly firmer as the partial government shutdown has now caused the U.S. jobs report for September to be indefinitely delayed, clouding the outlook for when the Federal Reserve may reduce its stimulus. General dollar weakness continues, with the bigger picture focusing on the debt ceiling, due to expire later in the month. GBP is off its nine-month high earlier this week, amid speculation the local economic recovery isn't strong enough to warrant an end to its QE.
• U.S. employment report postponed indefinitely, no reschedule date yet
• Rep. Boehner denied a N.Y. Post report of deal with Demos; "this isn't some damn game"
• U.S. GDP risks being downgraded 0.08-0.38% if shutdown extends week or more
• Consulting report rumors calling for Fed to hold off on tapering through year-end
• Canada's Ivey PMI rose to 51.9 in Sept. (consensus @ 53.5), vs. 51.0 in Aug.
• NYMEX crude dipped under $104 via profit taking following Wed's sharp rally
10/07 EUR: Ireland CPI - Y/Y (Sept.)
10/07 USD: Consumer Credit (Aug.)
10/08 GBP: BTC Retail Sales (Sept.)
10/08 USD: Trade: Goods & Services (Aug.)
10/09 GBP: Industrial/Manufacturing Production (Aug.)
10/09 EUR: CPI (Sept.)
10/10 AUD: Employment/Unemployment Rate Reports (Sept.)
10/10 GBP: BoE Repo Rate Announcement
10/11 CAD: Employment/Unemployment Rate Reports (Sept.)
10/11 USD: Retail Sales/PPI Reports (Sept.)
2 Year 0.33
5 Year 1.41
10 Year 2.64
30 Year 3.72Read More