8 Jan 2016
US Nonfarm payrolls will be the primary market driver - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that the US nonfarm payrolls will serve as the primary market driver, as the Fed continues to monitor slack in the labour market for future rate hikes.
Key Quotes
“TD is sitting below the market and anticipates net job creation of 193k, (consensus at 200k), with risks stacked to the downside on the back of weak ancillary data. We foresee no change to the unemployment rate at 5.0%.”
“In addition to labour data, wholesale inventories and trade sales are also due to be released. The market expectation is for inventories to dip 0.1% m/m in November as trade sales remain flat. TD sees inventories falling 0.3% while trade sales should increase 0.2%.”
Key Quotes
“TD is sitting below the market and anticipates net job creation of 193k, (consensus at 200k), with risks stacked to the downside on the back of weak ancillary data. We foresee no change to the unemployment rate at 5.0%.”
“In addition to labour data, wholesale inventories and trade sales are also due to be released. The market expectation is for inventories to dip 0.1% m/m in November as trade sales remain flat. TD sees inventories falling 0.3% while trade sales should increase 0.2%.”