US: Main event is the ADP jobs data - BBH

Research Team at BBH, suggests that during the North American session, the main event is the ADP jobs data.

Key Quotes

“Current consensus is at 197k vs. 214k in February. Consensus for Friday’s jobs data is currently 210k vs. 242k in February. Can the markets continue to price in a dovish Fed if the US data continue to come in firm? We don’t think so, but we acknowledge that the dollar remains vulnerable for now. The Fed’s Evans speaks today.”

Mar 30, 2016

US ADP preview: What to expect of USD/JPY?

USD/JPY clocked a one-week low of 112.02 in Europe on the back of broad based USD selling before trimming losses to trade around 112.30 levels ahead of the US ADP private sector employment report.

US: Cycle of conflict between authorities and markets continuing for now - Nomura

Richard Koo, Chief economist at Nomura, suggests that over the past few weeks markets around the world stabilized in response to the Fed’s decision not to hike at the March FOMC meeting and the indication that it now expects to raise rates only twice in 2016, down from the four times initially expected.