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NFP Prep: Leading indicators warn of weakness…

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The January Non-Farm Payroll report will be released tomorrow at 8:30 EST (13:30 GMT) with expectations centered on a headline print of 192k after last month’s stellar 292k reading. My model suggests that the report could miss even these subdued expectations, with leading indicators suggesting a January headline NFP reading of 160K. The model has been historically reliable, showing a correlation coefficient of 0.90 with the unrevised NFP headline figure dating back to 2001 (1.0 would show a

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