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US NFP and ISM reports to set market tone ahead of October FOMC meeting - ING

FXStreet (Łódź) - According to James Knightley from ING points to the US employment data to be released next week as factors which will weigh on the Fed's policy decision in October.

Key quotes

"With the Fed signalling that the QE purchase programme will come to an end at that point we will be examining the data to gauge what sort of forward guidance the Fed might issue to shape market expectations for the path of actual policy tightening."

"We expect to see decent ISM readings based on regional surveys that have already been released – note that the ISMs are already at levels historically consistent with 4%+ annual GDP growth."
"We also expect a decent bounce in payrolls after last month’s disappointing report, which undershot market expectations by 90,000."

"Consequently, we are of the view that policy tightening will start from April."

Italy Business Confidence came in at 95.1, below expectations (95.5) in September

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