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Eye on ADP for US labour market clues – Lloyds Bank

FXStreet (Delhi) – Research Team at Lloyds Bank, suggest that today’s release of US ADP report will be in focus for signs of relative US labour market strength.

Key Quotes

“With Friday’s US October employment release seen as a key input into the FOMC’s deliberations about whether to raise the policy rate at its December meeting, today’s October ADP report will be scrutinised for signs that, despite relatively soft August and September employment gains, US labour market growth remains robust.”

“Markets will also be keeping an eye on the testimony of Fed Chair Yellen as well as speeches by other Committee members Brainard, Harker and Dudley. However, none are scheduled to cover monetary policy. On the other hand, Fed-Vice chair Fischer’s lecture early tomorrow morning is likely to consider the policy outlook.”

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