• Expectations:

The Non-Farm Payrolls is expected to come higher (195K) than the previous (151K). A print above 245K would be considered high; bellow 70K would put downward pressure on the Buck.

Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.

  • Analysis: It seems that most investors are secretly wishing for the numbers to go bad, as this would probably force the Fed to adopt a more dovish tone. Stronger data might bring the chaos back to the markets.