US: ISM and ADP employment report in focus – Lloyds Bank

FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that the US January ADP employment report will be closely watched ahead of Friday’s official labour market figures.

Key Quotes

“Markets will be gauging to what extent the strong pace of jobs growth in Q4 in the official US data, averaging about 280,000 a month, eased in the new year. The consensus forecast is for ADP employment to have risen by about 190,000. Meanwhile, the January non-manufacturing ISM survey is anticipated to have fallen to 55.1 from 55.8.”