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US NFP in the lime light today – Danske Bank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at Danske Bank, suggests that the most important release today is the jobs report for January.

    Key Quotes

    “The labour market tightened significantly in 2015, which was the main reason why the Fed raised the target rate in December. The financial turmoil partly reflects rising growth concerns due to tighter monetary policy in the US and weak economic data and hence a strong jobs report could calm the markets.

    We expect non-farm payrolls to have increased 200,000 in January in line with the recent trend. The unemployment rate is likely to be unchanged at 5.0%.”
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