OctaFX | OctaFX Forex Broker
Open trading account

US NFP to bounce back with a 210K gain in September - BNZ

FXStreet (Łódź) - Spiros Papadopoulos from BNZ expects the US jobs report, due out on Friday, to show a 210K increase in September, following the disappointing 142K rise the previous month.

Key quotes

"With the FOMC still seeing a 'significant underutilization of labour resources' every employment report in coming months will be critical for the market’s assessment of when the Fed will indeed change its commentary to reflect an approaching rate rise."

"The unemployment rate is forecast to remain at 6.1% in September, while earnings are forecast to rise 0.2% in the month for 2.2%yoy."

EUR/USD could reach 1.2210 in October and to start a recovery from there

Independent Analyst Vladimir Mihaylov observes that the EUR has been dropping steadily for nearly 10 weeks now and expects it to reach the 1.2210 target in October and to start a recovery from there.
Read more Previous

USD/JPY - another milestone above 109.50 is left behind

USD/JPY posted more than 6-year high at 109.74 in Asia before retreating to 109.60 area in early Europe.
Read more Next
Start livechat