Don’t Expect NFP To Help USD
At this stage, no one expects the Federal Reserve to tighten in March, which is one of the reasons why we believe non farm payrolls won’t help the dollar.If the labor-market report is weak, it will reinforce the market’s expectations that the dollar won’t receive a boost in yields and if it is strong, investors will still question whether it’s enough for the Fed to pull the trigger — the answer will be ‘no’. However a strong non farm payrolls report should encourage the Fed to maintain a hawkish bias but it may be a few days before investors recognize this possibility.
Our Leading Economically Indicators which is my Our Best forecasting Module for Predicting Non-Farm payroll is pointing Little Strong Labor market Condition.
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