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2 Aug 2013
Flash: Key US data coming up – TD Securities
FXstreet.com (London) - Annette Beacher, Head of Asia-Pacific Research, FX and Rates Strategy at TD Securities eyes the US jobs data coming up.
Key Quotes:
“Our original forecast of 165K looks conservative in light of recent information”.
“Expectations for payrolls have probably shifted closer to 200K (or higher) after ADP and ISM”.
“At face value, the ADP report would be consistent with a number closer to 230K based on the pattern of misses over the past several months”.
“We should emphasize that payrolls are always a volatile number subject to frequent revisions, but a number around 200K looks very reasonable given positive readings on a host of labor market indicators”.
Key Quotes:
“Our original forecast of 165K looks conservative in light of recent information”.
“Expectations for payrolls have probably shifted closer to 200K (or higher) after ADP and ISM”.
“At face value, the ADP report would be consistent with a number closer to 230K based on the pattern of misses over the past several months”.
“We should emphasize that payrolls are always a volatile number subject to frequent revisions, but a number around 200K looks very reasonable given positive readings on a host of labor market indicators”.