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Trading news
3 Feb 2016
Key US data previews - Nomura
FXStreet (Guatemala) - We are now entering busy calendar territory for the US shifts as we approach the last remaining session for the week. Analysts at Nomura offered a preview for the key data releases in tonight's US shift.
Key Quotes:
"ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 180k jobs in January (Consensus: 193k). ISM non-manufacturing: Although the ISM non-manufacturing index declined in December, the details of the report still pointed to steady activity in the non-manufacturing sector that month.
It continued to tell a story of a two-tier economy—one in which the manufacturing sector continues to struggle, and the service sector and labor markets remain more resilient. We expect the headline index to remain firmly in expansion territory at 56.0 in January (Consensus: 55.1)."
Key Quotes:
"ADP employment: In line with our forecast for BLS private nonfarm payrolls, we forecast that ADP private employment gained an additional 180k jobs in January (Consensus: 193k). ISM non-manufacturing: Although the ISM non-manufacturing index declined in December, the details of the report still pointed to steady activity in the non-manufacturing sector that month.
It continued to tell a story of a two-tier economy—one in which the manufacturing sector continues to struggle, and the service sector and labor markets remain more resilient. We expect the headline index to remain firmly in expansion territory at 56.0 in January (Consensus: 55.1)."