OctaFX | OctaFX Forex Broker
Open trading account
Back

US Nonfarm: Key to December rate hike expectations - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the US October employment report will be a key data point for the market in gauging the tone of domestic economic activity and benchmarking the prospect for a December Fed hike.

Key Quotes

“TD’s forecast is for a rebound in the pace of employment growth to 193K from the disappointing 142K pace the month before. The market consensus is for a 185K gain. Despite the rebound in jobs growth, TD expects the UE rate to remain unchanged at 5.1% versus the market consensus for a decline to 5.0%. Wage growth should remain relatively tepid (TD: +0.1% m/m, vs mkt: +0.2% m/m) following the flat print the month before.”

“The market will also pay close attention to remarks by Governor Brainard and District President Bullard as they guidance us on the near term policy bias at the Fed.”

Germany Industrial Production n.s.a. w.d.a. (YoY): 0.2% (September) vs previous 2.3%

Germany Industrial Production n.s.a. w.d.a. (YoY): 0.2% (September) vs previous 2.3%
Read more Previous

More headwinds: Disappointing IP doesn't bode well for German Q3 GDP - ING

Carsten Brzeski, Research Analyst at ING, notes that the German industrial production disappointed in September, adding to evidence that the Chinese and emerging market slowdowns are also leaving their marks on the Eurozone’s largest economy.
Read more Next
Start livechat