Research Team at Deutsche Bank, suggests that the main event of the day is the January US employment report, including the all-important nonfarm payrolls data. Key Quotes “After the robust 292k print we got in December, market expectations are currently for a 190k gain, while our US economists are slightly more cautious and are forecasting a 175k gain (along with no change to the unemployment rate at 5%). Post the soft employment components from ISM readings we got earlier this week, it seems like the whisper number is probably closer to 150k however. As is standard practice at this time of year we’ll also get the revisions for five years of payrolls data today. Futures markets continue to price a less than 50% chance of a hike this year and given the relatively low expectations ahead of today’s data it would have to take a bumper number for that to change materially. Remember that before the FOMC meeting in March we will also get the February employment report along with a number of other important releases, while Fed Chair Yellen’s semi-annual testimony next week will be a huge focus for markets.” For more information, read our latest forex news.