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5 May 2015
Barclays: US NFP expected at 250k – eFXnews
FXStreet (Barcelona) - The Research Team at Barclays, forecasts US NFP to print an above consensus figure at 250k and lead to a rebound in USD, as noted by eFXnews.
Key Quotes
“A Fed that sees the Q1 slowdown as transitory amid rising inflation pressures (jobless claims at 15 year lows and a rebound in the employment cost) and too little priced by way of rate hikes in 2015 (a little less than one priced by December and only a 36% probability priced for September), implies that risk reward favors higher rates and a stronger USD. We believe that data this week could serve as such a trigger."
“Payrolls data will be the key event on Friday. We are looking for a 250k headline print, significantly above the consensus forecast of 230k.”
“Furthermore, we expect the tightening in labor markets to continue with the unemployment rate declining to 5.4% (c.f. 5.4%) and average hourly earnings rising 0.3% m/m (c.f. 0.2% m/m)”
This content has been provided under specific arrangement with eFXnews
Key Quotes
“A Fed that sees the Q1 slowdown as transitory amid rising inflation pressures (jobless claims at 15 year lows and a rebound in the employment cost) and too little priced by way of rate hikes in 2015 (a little less than one priced by December and only a 36% probability priced for September), implies that risk reward favors higher rates and a stronger USD. We believe that data this week could serve as such a trigger."
“Payrolls data will be the key event on Friday. We are looking for a 250k headline print, significantly above the consensus forecast of 230k.”
“Furthermore, we expect the tightening in labor markets to continue with the unemployment rate declining to 5.4% (c.f. 5.4%) and average hourly earnings rising 0.3% m/m (c.f. 0.2% m/m)”
This content has been provided under specific arrangement with eFXnews