OctaFX | OctaFX Forex Broker
Open trading account

US NFP report to remind markets that growth outlook remains stable - Nomura

Analysts at Nomura offer a sneak peek at what to expect from the December US labor market report due later on Friday at 1330 GMT.

Key Quotes:

“Indicators of labor demand remain strong but beware of weather effects in coming months.

NFP Forecast 200k.

Employment components of the latest regional surveys and initial claims data suggest labor demand remains strong.

With temperatures returning to a normal seasonal range, construction employment likely rebounded.

We expect some payback from a softer-than-expected 155k NFP gain in November.

We expect 0.3% m/m and 3.0% y/y average hourly earnings

Unemployment rate at 3.6%. 

Altogether, we expect the December employment report to remind markets that the US growth outlook remains stable despite financial market volatility.”

Japan’s Aso: Corporate conditions are extremely good

Japanese Finance Minister Taro Aso is out on the wires now, via Reuters, offering some conciliatory remarks to calm the markets amid the recent Yen
Read more Previous

USD/JPY: Heavy selling wave has largely passed - TDS

Mazen Issa, senior FX strategist at TD Securities, suggests that at the moment, they think the wave of heavy selling in the USD/JPY pair has largely p
Read more Next
Start livechat