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3 Apr 2013
Forex Flash: US Jobs in focus - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that today, the ADP National Employment Report likely will colour expectations heading into Friday's official government release.
He sees that data in hand points to a 225,000 jump in the ADP private payrolls series, after a 198,000 rise during the prior month. The release of the non-manufacturing ISM gauge will also be a focus for market participants. He writes, “We project that the aforementioned measure retreated by 2.3 points to an eight-month low of 53.7 in March.”
He sees that data in hand points to a 225,000 jump in the ADP private payrolls series, after a 198,000 rise during the prior month. The release of the non-manufacturing ISM gauge will also be a focus for market participants. He writes, “We project that the aforementioned measure retreated by 2.3 points to an eight-month low of 53.7 in March.”