Updates

Us Data update: 2nd December 2015

So here we are again, just some thoughts before I get back to my game:

Private NFP were better than expected.There was also an upwards revision of the previous months data. All solid.
Labour Cost was better than expected.
Productivity grew in line with expectations.

Overall, a solid report. Especially productivity which in effect supports a strong NFP payroll change on Friday.
Expect hawkish comments from Yellen today, if she makes any comments at all.

USD strength is the prevailing market sentiment for the moment and our trades remain fundamentally solid.

Mohammed

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