Apr 5, 2013
Forex Flash: US NFP risks to the downside by uncertainty from sequestration – TD Securities
FXstreet.com (Barcelona) - The last big event in the market this week is the US nonfarm payrolls report today: “The positive momentum in US labor market activity should be sustained in March, with the economy adding a further +195K jobs”, wrote TD Securities analysts. “While this will be a slowdown from the robust 236K pace in February, it is in line with the 6m trend”, they continued, adding that growth should be broadly-based, reflecting the improved tone in economic growth performance in Q1. “Notwithstanding this constructive view, and believe the recent initial claims/ADP report suggest downside in the coming months, risks are tilted to the downside reflecting the uncertainty on the impact from sequestration”, they concluded.