by Chris Becker
Outside of Australia, markets have been moving sideways and shuffling waiting for the monthly employment stats to be released tonight in the United States – the nonfarm payrolls or NFP. This is the most important event on the economic calendar, as the strength of job creation is critical to the Federal Reserve’s agenda in “normalising” interest rates after record lows for record number of years.
From John Kicklighter here are a few charts highlighting the market reaction – both the S&P500 US stock index and the US Dollar currency index:
