Nonfarm payrolls in the world’s largest economy jumped 151K in October after falling a revised 41K the month prior amid expectations of 60K. At the same time, the unemployment rate remained unchanged at 9.6 percent during the same period. Taking a look at the breakdown of the report, private payrolls added a massive 159K, while manufacturing payrolls slid 7K.

Meanwhile, average hourly earnings increased 0.2 percent, which is slightly higher than my forecast of 0.1 percent, but wasn't...

* EURUSD – Euro Sentiment Points to Further Gains
* GBPUSD – British Pound Forecast to Rally Further
* USDJPY – Japanese Yen Outlook Calls for Continued Gains
* USDCHF – Swiss Franc Anticipated to Strengthen vs US Dollar
* USDCAD – Canadian Dollar Forecast Calls for Strength against USD
* GBPJPY – British Pound Forecast Moderates Against Japanese Yen

View individual currency SSI charts in our FX Sentiment section

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FUNDYS

The Australian Dollar has exploded to post-float record highs above parity on Tuesday, with the single currency now contemplating establishing itself above the psychological barrier following a decision by the Reserve Bank of Australia which caught most of the market off guard. The general consensus had been that the RBA would leave rates on hold at 4.50% in light of some softer inflation data and concerns over a potential slowing in the global economy. But the central bank...

Talking Points

* Japanese Yen: Mixed Price Action Across The Board
* British Pound: Home Prices Weaken Further in October
* Euro: Maintains Narrow Range Ahead of Fed, ECB Rate Decisions
* U.S. Dollar: Personal Spending, ISM Manufacturing on Tap


The British Pound extended the rally from the previous week to reach a high of 1.6088 on Monday, and the exchange rate may continue to push higher throughout the week as investors...

U.S. GDP Advances 2.0 Percent in the Third Quarter, Currency Markets Show Muted Reaction

Economic activity in the world’s largest economy rose 2.0 percent after climbing 1.7 percent the quarter prior, while the personal consumption report topped expectations during the same period. It is noteworthy that investment growth slowed, while consumer spending pushed higher. Indeed, today’s increase came on the back of weakness in imports, and stronger growth in business spending. There was...