Search ForexCrunch

Analysts at TD Securities suggest that for today’s US session, Fed  Chairman Powell will drive sentiment with his second speech in as many days.

Key Quotes

“Powell will speak in a moderated Q&A at 16:00 ET following appearances by Evans, Barkin, Brainard and Mester.”

“On the data front, ADP employment will give an early read on labor market conditions ahead of Friday’s payrolls report. The market looks for a pickup in ADP job growth to 184k in September from 163k, but as always we caution into inferring too much from the ADP results.”

“ISM Non-Manufacturing PMI for September will be released at 10:00 ET with the market looking for a modest pullback to 58.0 from 58.5.”