FXStreet (Guatemala) – Analysts at TD Securities noted next week’s Nonfarm Payrolls as the key even.
Key Quotes:
“The labor market has generally been a bright spot for the US economy and we see upside risks for Sep data. We expect 219K jobs to be created (consensus: 200K), rebounding from the below-trend 173K jobs created in August and pushing the 6M average pace to a very healthy 221K. Net revisions to previous estimates should also be positive and help market sentiment.
Despite the gains, the unemployment rate should remain unchanged, as the rise in employment is offset by the return of previously displaced workers back into the labor force. We are in line for the ISM and Consumer Confidence figures earlier in the week, but the weak regional surveys do skew the risks for the ISM lower.”
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