10/09/2016 - Weaker Non-Farm Payrolls Places December Rate Hike in Focus

* Fundamental Recap: Weaker Non-Farm Payrolls Places December Rate Hike in Focus
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities

156,000 non-farm jobs were added to the US economy in September, moderately disappointing forecasts of around 170,000-175,000. The US unemployment rate was also slightly worse than expected, ticking up to 5.0% against expectations of 4.9%. The increase in average hourly earnings remained constant at 0.2%, as expected. Alongside the headline disappointment, a somewhat brighter spot in the report saw an upward revision of August's job creation from the previous 151,000 up to a revised 167,000...

Although one Federal Reserve official, Cleveland Fed President Loretta Mester, stated shortly after Friday's employment release that the report was "solid," September's numbers were undoubtedly weaker than the markets had anticipated, upsetting expectations of a potentially sooner interest rate hike from the Fed.... Full text »

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from FOREX.com's Weekly Strategy http://www.forex.com/weekly-forex-research.html