All eyes on NFP data

Posts : 8759 Join date : 2012-01-25

All eyes on NFP data

Current market expectations suggest an increase of non-farm payrolls of 150K, up from the prior month's 147K but still not a strong figure. However, ADP employment data printed much higher than expected (215K vs. exp 140K), which increases the possibility that tonight's NFP data will also print better than expected. We note that there isn't always a correlation between ADP and official NFP data. Yet, we are looking for a stronger than expected NFP print tonight, which may intensify USD strength.

All eyes on NFP data Instaforex_mb_760x151_en

All eyes on NFP data Instaforex_mb_760x151_en

» All Eyes Set On UK GDP Data Due For Release Later Today
» London Session: All Eyes On USDJPY And The BOJ
» Greek Havoc Returns As Europe Eyes U.S. Jobs
» Markets Steady With Eyes on EU Finance Minister Meeting on Greece
» Yen Takes The Lead On Hurricane Concerns, Eyes To Focus On BOJ Meeting And NFP