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A rate hike in September is back on the agenda following the Jackson Hole Symposium, but the bar is high. A blockbuster report is needed to make a compelling case for the Fed to act ahead of the US elections in November. Expectations are for a report that will come in line with the average of previous reports, but the NFP is dubbed “king of forex indicators” for a good reason. It never comes in line with expectations. A turbulent Friday is expected.

Video preview of the Non-Farm Payrolls released on Friday, September 2nd 2016: