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US employment and earnings to determine market direction – Lloyds Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at Lloyds Bank, suggests that the US employment data today will now govern the markets sentiment and direction into the beginning of next week.

    Key Quotes

    “Expectations are for around 190k, which is in-line with the ADP release on Wednesday. But earnings are just as important as the headline rate, which disappointed last month. With the recent weakness in the USD and US yields, a weaker data set would have less of an impact we feel than if the data surprised to the upside.”
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