Forex
globalreutersSeptember 5, 20241 Mins read
Options are pricing in big stock swings on NFP Friday
globalreutersSeptember 5, 20241 Mins read The US jobs report is due at 8.30am US Eastern time on Friday, September 6, 2024 (1230 GMT):
- Preview: Why August non-farm payrolls frequently disappoint
- What would it take from non-farm payrolls to get a 50 basis point cut?
- Goldman Sachs NFP preview, say that August payrolls often have a negative bias initially
- Friday’s NFP result could prompt a 50bp rate cut by the Federal Reserve
Morgan Stanley say options are pricing big swings:
- S&P 500 projected to move 1.1% in either direction
- iShares Russell 2000 ETF 1.8%
- Invesco QQQ Trust ETF 1.4% move
This via Twitter on major bank expectations:
This article was written by Eamonn Sheridan at www.forexlive.com.
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