OctaFX | OctaFX Forex Broker
Open trading account

Strong US labor market performance expected - TD Securities

FXStreet (Łódź) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securitiespreducts that the US NFP numbers for August, due out later today, will show strong growth of the headline number, by 238K and a 223K increase in private payrolls.

Key quotes

"We expect this 7th straight 200K+ payroll gain to continue building the case that the current labor market recovery is not a ‘false dawn.’"

"While headline payrolls will certainly remain important, we expect considerable focus to fall on the unemployment rate, which should edge lower to 6.1% from 6.2%, and wage growth, which we expect to rise 0.3% following last month’s flat print."

GBP/USD ignores UK data, prepares for NFP

GBP/USD bottomed at 1.6286 in Asia, and showed shy attempts to move higher, currently nearing 1.6320 area.
Read more Previous

SEB: The pound suffers badly too - eFXnews

The eFXnews team comment that the SEB notes the steep drop in the GBP on Thursday, in parallel with the EUR/USD decline.
Read more Next
Start livechat