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Key events ahead - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Westpac noted the key events ahead.

    Key Quotes:

    "The calendar is otherwise quiet ahead of US Feb employment data. Nonfarm payrolls are expected at 195k following Jan’s dip to 151k. Both ISM manufacturing and non-manufacturing surveys however had shown that employment contracted in the month. The unemployment rate is expected to remain at 4.9%. Average hourly earnings are seen to rise 0.2% m/m, and remain at 2.5% y/y.

    China’s National People’s Congress begins on Sat and will extend through next week. This will include an announcement of the 2016 GDP forecast (most likely on Sat, with 6.5-7% expected) and markets will be looking for any announcement of fiscal stimulus."
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