Here Come Non-Farm Payrolls

OANDA Senior Market Analyst, Jeffrey Halley looks at the week ahead. A new month and a new quarter could see some rebalancing flows distorting prices in various asset classes as we head into the highlights for July, the global PMI Manufacturing data tomorrow and this Friday’s US Non-Farm Payrolls. We discuss previous data and the great transitory/sticky inflation question and look at likely market reactions to the Friday data. Jeff discusses the implications for the USD Dollar which looks poised for more gains, as well as a warning that all is not well with the Europ and some other major currencies. Delta variant Covid-19 and Asia is covered before Jeff sends out another amber light for gold, which looks particularly vulnerable into Friday.

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Jeffrey Halley

Jeffrey Halley

Senior Market Analyst, Asia Pacific, from 2016 to August 2022
With more than 30 years of FX experience – from spot/margin trading and NDFs through to currency options and futures – Jeffrey Halley was OANDA’s Senior Market Analyst for Asia Pacific, responsible for providing timely and relevant macro analysis covering a wide range of asset classes.

He has previously worked with leading institutions such as Saxo Capital Markets, DynexCorp Currency Portfolio Management, IG, IFX, Fimat Internationale Banque, HSBC and Barclays.

A highly sought-after analyst, Jeffrey has appeared on a wide range of global news channels including Bloomberg, BBC, Reuters, CNBC, MSN, Sky TV and Channel News Asia as well as in leading print publications such as The New York Times and The Wall Street Journal, among others.

He was born in New Zealand and holds an MBA from the Cass Business School.
Jeffrey Halley
Jeffrey Halley

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