It's all about US non-farm payrolls tonight at 23:30 and the market expects a lofty 200,000 jobs will be created
Chris Weston
Pepperstone
It's all about US non-farm payrolls tonight at 23:30 and the market expects a lofty 200,000 jobs will be created. The range from economists is 275,000 to 150,000 and this is about as optimistic as I have seen in a while. Last night's services ISM was slightly weaker than forecast, but the employment sub-component saw the biggest one-day increase ever (going from 47.5 to 53.6), while the ADP private payrolls (released on Tuesday) was also strong. I feel the market is probably positioned for a number closer to 220,000 so anything below 180,000 should see a reasonable USD sell-off. Saying that a good number and it could start the USD off on a much stronger longer-term rally in my opinion.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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