FXStreet (Guatemala) – Michael Every, analyst at Rabobank noted the key events ahead in tonight’s US session.
Key Quotes:
“We have US payrolls. Payrolls, payrolls, payrolls, payrolls. Expectations are 185K, up from last month’s disappointing 142K, with unemployment expected to edge down to 5.0%, the lowest since 2008. It goes without saying the market will run screaming in one direction or another depending on how the headline figure in this volatile series pans out. Yet on that front note that yesterday’s US unit labour costs rose only 1.3% in Q3 vs. 2.5% expected: there still isn’t any labour bargaining power out there save a few lucky industries, but can’t all work for social media/internet giants.”
“So, do think on in the pre-payrolls pause, and Happy Friday. It’s also apparently Dutch Economist Day (according to Bloomberg), so please be extra nice to any Dutch economists you bump into.”
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(Market News Provided by FXstreet)