Analysts at Nomura offered a preview for this week’s key US nonfarm payrolls data. Key Quotes: “We expect a 175k gain in nonfarm payroll employment in October as modest positive payback from Hurricane Florence is offset by weakness due to Hurricane Michael.” “While incoming employment data has remained strong, the timing of Hurricane Michael’s landfall, albeit in a less-populated region relative to Hurricane Irma in 2017, suggests that business disruptions and civilian evacuations may have depressed payroll numbers during the month. We expect a modest 0.17% m-o-m increase in average hourly earnings (AHE).” “Unusually large increases in AHE in the Carolinas during September, likely weather related, may revert in October, offsetting any weather effect from Hurricane Michael.” “However, the position of the BLS survey week relative to the first of the month suggests a modest downward bias on monthly AHE growth. Despite this downward bias, base effects are likely to push up AHE growth on a 12-month basis to 3.08%, its highest level since April 2009.” “We expect the unemployment rate to remain at a low-3.7% after a sharp decline in September.” 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 PBOC set the yuan reference rate at 6.9377 FX Street 4 years Analysts at Nomura offered a preview for this week's key US nonfarm payrolls data. Key Quotes: "We expect a 175k gain in nonfarm payroll employment in October as modest positive payback from Hurricane Florence is offset by weakness due to Hurricane Michael." "While incoming employment data has remained strong, the timing of Hurricane Michael's landfall, albeit in a less-populated region relative to Hurricane Irma in 2017, suggests that business disruptions and civilian evacuations may have depressed payroll numbers during the month. We expect a modest 0.17% m-o-m increase in average hourly earnings (AHE)." "Unusually large increases in AHE in 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.
