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4 Apr 2014
NFP key event on Friday -Rabobank
FXStreet (Bali) - As Rabobank Strategist Michael Every notes, all eyes turn to the key US payrolls survey for March today.
Key Quotes
"Consensus is for a good reading of 200K (with a range from 140K to 275K), up from 175K last month, which - if seen - will be more than enough to keep the Fed on the taper trail this year despite Fed Chair Yellen’s recent Damascene conversion to the plight of the US unemployed."
"The loosely-related ADP report (think second cousins) suggests the potential for a slight upside surprise. The official unemployment rate is seen edging down from 6.7% to 6.6% (although the underemployment rate was still 12.6% last month, showing the pool of labour still potentially ready to step up if jobs growth accelerates markedly.)"
Key Quotes
"Consensus is for a good reading of 200K (with a range from 140K to 275K), up from 175K last month, which - if seen - will be more than enough to keep the Fed on the taper trail this year despite Fed Chair Yellen’s recent Damascene conversion to the plight of the US unemployed."
"The loosely-related ADP report (think second cousins) suggests the potential for a slight upside surprise. The official unemployment rate is seen edging down from 6.7% to 6.6% (although the underemployment rate was still 12.6% last month, showing the pool of labour still potentially ready to step up if jobs growth accelerates markedly.)"