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<ul><li>Consumer demand remains healthy, though slowing</li><li>Labor market reacceleration at this point seems unlikely</li><li>There is more uncertainty around the path of inflation given that progress over last six months has been so reliant on goods</li><li>Companies still trying to raise prices;

<p>Maybe it was too much to expect a strong rebound on a soft ISM services number. </p><p>In the bigger picture, stocks are still on a nine-week winning streak, so that kind overbought momentum isn't going to be cleaned up by four days of selling. That doesn't necessarily mean the market needs to tank from here […

<p>The USDCAD has seen volatile up-and-down price action today. However, if there is a tilt, the tilt is to the upside as the price is above the 100-hour MA at 1.33214. Staying above that level going forward would keep the buyers more in control. </p><p>Having said that, there is work to do for the buyers. […]

<p>The 10-year yield has moved back to the upside with the yield back above 4.0% and up to 4.05%. The high reached 4.10% soon after the jobs report, and then fell sharply to 3.955% at session lows, before starting it's move back to the upside. Below 4% being rejected.</p><p>Now with the yield moving back above […]

<p>Baker Hughes Rig count this week showed:</p><ul><li>Oil rigs up 1 to 501</li><li>Nat Gas -2 to 118</li><li>Total rig, -1 to 621.</li></ul><p>The price of crude oil is up $1.46 or 2.02% at $73.66. For the week, the price is up 2.79% or $2.01. </p> This article was written by

<p>The major stock indices are giving up their gains. </p><ul><li>Dow is now down -82 points or -0.22% at 37357. The high saw the indes up 183.27 points</li><li>S&amp;P is up 1.29 points or 0.03% at 4689.80. At session high, the index was up 32.80 points</li><li>Nasdaq is up 13.6 points or 0.09% a

<p>The Wall Street Journal Fedwatcher Nick Timiraos is out with his post-report analysis and writes.</p><blockquote>The December jobs report doesn't scream "change your policy stance " for the Federal Reserve. In fact, it doesn't change much of anything for the central bank.</blockquote><p>More <

<p>The AUDUSD has reversed back higher with the overall USD selling after the weaker ISM services data and the ambiguous US jobs report. The move higher has now taken the price back above the close from yesterday at 0.6706. A close above would snap a 5-day losing streak in the pair which saw the price […]

<p>Like all the other major currency pairs, the USD moved higher vs the CHF soon after the US jobs reports, then reevaluated the data. The ISM services data pointed to a less positive jobs picture and growth prospects, and the price action in the USDCHF was back to the downside. </p><p>On the move higher, the […]

<p>It will take a few days for the market to digest the data on jobs and ISM services but there is evidence building for a soft landing. However I'd warn that it always looks like a soft landing before it looks like a hard landing.</p><p>I spoke to Reuters immediately after the release of the jobs […]