Analysts at Rabobank offer key insights on today’s main event risk, the US October labor market report slated for release at 1230 GMT. Key Quotes: “The rest of the day is going to be all about US payrolls, and average earnings in particular. The ADP employment report earlier in the week suggests the slight risk of an upside surprise to the headline jobs number of 200K. On that earnings front, the consensus is 0.2% m-o-m, which will lift the y-o-y rate to 3.1% from 2.8% due to the magic of base effects. Naturally, anything markedly higher or lower there is going to play out strongly in markets given the Fed’s view that it needs to keep hiking and the counter-argument, put forward eloquently by our Rates Strategy team yesterday, that workers of the world are so far from united that sustained pay rises still seem a long way off. Expect room for some serious moves in USD if earnings growth is higher, especially given the sell-off yesterday “¦” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY: Key falling trendline intact despite risk-on and bullish outside-day FX Street 4 years Analysts at Rabobank offer key insights on today's main event risk, the US October labor market report slated for release at 1230 GMT. Key Quotes: "The rest of the day is going to be all about US payrolls, and average earnings in particular. The ADP employment report earlier in the week suggests the slight risk of an upside surprise to the headline jobs number of 200K. On that earnings front, the consensus is 0.2% m-o-m, which will lift the y-o-y rate to 3.1% from 2.8% due to the magic of base effects. Naturally, anything markedly higher or lower there is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
