Today, at 15:30, we expect US labor bureau data on the number of new nonfarm employees, with the projected value of 193k for previous 213k.
The latest GDP data from the United States gives analysts the main reason to expect a good pace in job growth.
Goldman Sachs predicts 205k of new jobs, with big players expecting between 161k and 257k.
Data above expectations today will probably have a positive effect on USD, and we can expect a test at 1.15 at EURUSD. The effect on exchange-traded indices will also be positive.
On the other hand, data below expectations may have a limited negative effect on the USD and exchange traded indexes, with the likelihood that this effect will be short-lived, as the rate of development of the US economy is now undeniable.
Unemployment rates and hourly wage rates will also fall into the eyes of traders, with bad values being able to shake the market and see two-way movements in the dollar.
Chart: Used with permission of Bloomberg Finance L.P.
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