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Re: ⚠️ NONFARM PAYROLL TONIGHT

294 by Ogee
From Pepperstone;


US Non-farm payrolls (Fri 23:30 AEDT) – the marquee (known) event risk of the week – the consensus expects 250k jobs to be created, with the economists forecast range seen between +389k to 200k – perversely, a number below 200k would likely be taken as a positive for risky assets and would pull the USD lower. We also consider the unemployment rate with the consensus expecting this to remain at 3.7% - with inflation still top of mind, average hourly wages are expected at 5.1% (from 5.2%), so ahead of the Sept CPI print (13 Oct – expecting headline CPI to print 8.1%), the wage data could be influential. Risky assets (like equities) would find buyers on a sub-5% print.
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