According to analysts at Danske Bank, today’s main event is the US labour market report and they expect the NFP number to be 190,000, slightly below the consensus estimate, and expect expect the unemployment rate to decline back below the 4% mark to land at 3.9%. Key Quotes “We expect unchanged 0.2% m/m average hourly earnings from last time, below the 0.3% consensus estimate. None of the data is likely to change our expectation of another two rate hikes by the FOMC this year.” “In the US, we also get US non-manufacturing. We expect a slightly lower reading than last time but still at a very high level in an historical context.” “We do not expect the final PMIs in euroland to move the market, as we expect the final estimates to be close to the flash readings. At 11:00 CEST, retail sales data are due out.” “We expect UK services to fall to 54.9 from 55.1, not far from consensus of 54.7.” 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 Australia: Focus set to remain on RBA policy next week – Westpac FX Street 5 years According to analysts at Danske Bank, today's main event is the US labour market report and they expect the NFP number to be 190,000, slightly below the consensus estimate, and expect expect the unemployment rate to decline back below the 4% mark to land at 3.9%. Key Quotes "We expect unchanged 0.2% m/m average hourly earnings from last time, below the 0.3% consensus estimate. None of the data is likely to change our expectation of another two rate hikes by the FOMC this year." "In the US, we also get US non-manufacturing. We expect a slightly lower reading than last… 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.
