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US Nonfarm Payrolls in focus

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US nonfarm payrolls are due on Friday and the consensus is that the US economy has added a balanced 195’000 nonfarm jobs over the last month versus a sub-standard performance of 151’000 in January. Given the gloomy start to the year, the below-average expectation is perfectly reasonable. According to Markit’s PMI survey, the US services sector contracted for the first time since October 2013. The slight recovery in manufacturing was clearly not enough to fill the gap. From an overall

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