Analysts at Nomura expect the US employment report for the month of October this week to show a 175k increase in nonfarm payroll employment and solid wage growth. Key Quotes “A 0.2% m-o-m increase in AHE will likely translate into 3.1% on a 12-month basis as base effects help raise the y-o-y rate 0.3pp. In addition, we expect the unemployment rate to hold at 3.7%.” “This week will also be important for manufacturer sentiment as we believe the ISM manufacturing index will moderate somewhat to 59.0, a still-healthy reading consistent with expanding activity. Given the recent imposition of additional tariffs on Chinese imports in late-September, there is some risk of deterioration in manufacturer sentiment beyond what we currently expect.” “Finally, we expect core PCE inflation for September to register 0.155% m-o-m, leaving the y-o-y rate unchanged at 2.0% (1.965%). Core PCE price inflation matched our expectation of 1.6% q-o-q saar in Q3, consistent with our medium-term inflation outlook.” 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 Japan PM Abe: Virtuous cycle is emerging in the economy FX Street 4 years Analysts at Nomura expect the US employment report for the month of October this week to show a 175k increase in nonfarm payroll employment and solid wage growth. Key Quotes "A 0.2% m-o-m increase in AHE will likely translate into 3.1% on a 12-month basis as base effects help raise the y-o-y rate 0.3pp. In addition, we expect the unemployment rate to hold at 3.7%." "This week will also be important for manufacturer sentiment as we believe the ISM manufacturing index will moderate somewhat to 59.0, a still-healthy reading consistent with expanding activity. Given the recent imposition of additional tariffs… 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.
