US jobs in focus, ECB ready to expand QE


Forex News and Events US non-farm in the spotlight (by Arnaud Masset) The US non-farm payrolls will be the key event today and will even receive more attention than usual as it will be the last major report, besides the CPI report due on September 16, before the widely anticipated September FOMC meeting. The Committee wants to see higher inflation pressure before raising rates and they are therefore focus on employment and wage growth, mostly. Even though ADP report (released on Wednesday) has historically been a poor predictor of NFPs, we expect a decent NFP report for August or even perhaps lower than median forecast of 217k. One thing is almost certain: a strong report will send the dollar to the sky as traders
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