FXStreet (Guatemala) – Analysts at Rabobank noted the key events, or should we say, key ‘event’ ahead?
See here for Nonfarm Payrolls preview
Key Quotes:
Today is all about US payrolls. In light of the holiday period that we are in and the generally farcical nature of markets at the moment, I would like to cover this topic in the form of a Christmas Carol.
On the first month of payrolls, the BLS sent to me: 201K, OK you’ll agree;
On the second month of payrolls, the BLS sent to me: 266K and lots of glee;
On the third month of payrolls, the BLS sent to me: just 119K, my knees were wobbly;
On the fourth month of payrolls, the BLS sent to me: 187K that made me happy;
On the fifth month of payrolls, the BLS sent to me: two hun-dred and sixty kay, yippee!;
On the sixth month of payrolls, the BLS sent to me: a 245K I was glad to see;
On the seventh month of payrolls, the BLS sent to me: 223K that kept me cozy;
On the eight month of payrolls, the BLS sent to me: just 153K that made me crabby;
On the ninth month of payrolls, the BLS sent to me: 137K, and I spilled my tea;
On the tenth month of payrolls, the BLS sent to me: 271K that made me dizzy;
On the eleventh month of payrolls, the BLS sent to me: ….we shall have to wait and see…
But as Yellen made clear, unless we get a sub-100K number today (consensus is 200K), it looks like a rate hike for Xmas, folks. With the ECB also playing the Grinch more than Santa in the markets’ eyes, December could be very ‘interesting’: watch out for black swans and black ice. Happy Friday!”
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