In view of analysts at Nomura, this week will be important for evaluating the strength of US current economic momentum after somewhat softer-than-expected trade and durable goods data last week and a worsening housing outlook. Key Quotes “We expect a solid 180k gain in September nonfarm payroll employment and a healthy 0.3% m-o-m increase in average hourly earnings (AHE) with some upside AHE risk from weak aggregate hours data as a result of Hurricane Florence as aggregate working hours are a denominator of AHE and total compensation, a numerator of AHE tends to be less sensitive to inclement weather.” “The September AHE data will be important for evaluating whether a stronger trend in wage growth is emerging. However, the potential disruption from Hurricane Florence may add additional noise to the monthly figure.” “We expect both the ISM manufacturing and nonmanufacturing surveys to moderate slightly while remaining elevated and continue to expect incoming data to be roughly consistent with an economy growing at 3%.” 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 UK manufacturing PMI unexpectedly rebounds to 53.8 in September FX Street 4 years In view of analysts at Nomura, this week will be important for evaluating the strength of US current economic momentum after somewhat softer-than-expected trade and durable goods data last week and a worsening housing outlook. Key Quotes "We expect a solid 180k gain in September nonfarm payroll employment and a healthy 0.3% m-o-m increase in average hourly earnings (AHE) with some upside AHE risk from weak aggregate hours data as a result of Hurricane Florence as aggregate working hours are a denominator of AHE and total compensation, a numerator of AHE tends to be less sensitive to inclement weather." "The… 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.
