US and Canadian employment reports to steal the show in January – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at TDS, suggests that North American employment reports due on 8th January will be the key event in January.

    Key Quotes

    “In the US, as the focus shifts back to the real economy the payrolls report will be especially important as the market tries to benchmark the timing for the next hike. We expect the tone of the US employment report to be broadly constructive, reflecting the sustained buoyancy in labor market activity – though the pace of jobs growth is expected to slip modestly from the brisk pace of the past two months.”

    “On the Canadian side, expect more noise than signal following the loss of 36k jobs in November that was due in large part to the unwind of part-time hiring tied to the federal election held in October. Based on subdued surveys of hiring intentions, any rebound in December will likely be transitory and we expect trend hiring to remain closer to 10k a month.”
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