Is Biden's appearance a tell?

<p>Eamonn earlier <a href="https://www.forexlive.com/news/us-president-biden-to-deliver-remarks-on-jobs-report-friday-at-1130-am-us-eastern-time-20231006/" target="_blank" rel="follow">noted </a>that US President Joe Biden has been scheduled to speak about the jobs report at 11:30 am ET.</p><p>A few things to keep in mind:</p><ol><li>The White House gets the jobs number on Thursday afternoon</li><li>This speech wasn't scheduled until after that time</li><li>Biden doesn't speak after every jobs report</li></ol><p>To me this looks like a dead giveaway. Now, he could be speaking to downplay a weak report but that's usually the job of deputies and I highly doubt if he would be out there if it was a negative print. Now this doesn't necessarily mean it's a great report because a number right on consensus is still 170K jobs and with unemployment down to 3.7% from 3.8%.</p><p>The appearance also helps to explain some of the USD strength today, though it's fading at the moment.</p><p>For more, see: <a href="https://www.forexlive.com/news/non-farm-payrolls-preview-jobs-report-set-to-land-in-a-fragile-market-20231005/" target="_blank" rel="follow">Non-farm payrolls preview: Jobs report set to land in a fragile market</a></p>

This article was written by Adam Button at www.forexlive.com.