Bullet Report: NFP at 1330GMT | Predictions from Goldman Sachs and Barclays
February 3, 2017 8:21 am
The US jobs report for January is set to be released today at 1330 GMT, just two days after the Federal Open Market Committee (FOMC) announced its decision to keep interest rates unchanged on Wednesday, as widely expected.
NFP predictions:
Goldman Sachs: Expects a January non-farm payrolls print of 200k and the unemployment rate to fall one-tenth to 4.6%
Barclays: Forecasts non-farm payroll to have increased 175k in January
Bank of America/Merril: Expects job growth of 160k about unchanged from 156k in the prior month and the 3-month moving average of 165k.
The U.S. dollar index rose 0.09% to 99.79. USD/JPY changed hands at 112.72, down 0.46%, while GBP/USD dropped 0.96% to 1.2538 and USD/CAD dipped 0.20% to 1.3022.
Crude oil prices are trading higher for the third consecutive session this week, as traders anticipate an ongoing cut in production from OPEC countries. This move is significant, as news was also relayed yesterday by the U.S. EIA that U.S. oil production was higher than expected for the month of November.
Bank of Japan (BOJ), stating that the central bank is offering to buy 5-10yr JGB’s in unlimited amounts, however, at fixed-rate. The headlines helped the USD/JPY pair to make a quick comeback above 113 handle, as the 10-year yields dropped rapidly to 0.108% from 0.15% seen following the reports of limited BOJ bond buying.
Gold prices ended Thursday’s session with solid gains, but down from its 12-week high seen at the start of the North American session. Gold futures settled the session at $1,219.40 an ounce, up 0.92% on the day. At the same time, the silver market saw some profit taking silver futures ended the day relatively flat at $17.45 an ounce.
The US jobs report for January is set to be released today at 1330 GMT, just two days after the Federal Open Market Committee (FOMC) announced its decision to keep interest rates unchanged on Wednesday, as widely expected.
NFP predictions:
Goldman Sachs: Expects a January non-farm payrolls print of 200k and the unemployment rate to fall one-tenth to 4.6%
Barclays: Forecasts non-farm payroll to have increased 175k in January
Bank of America/Merril: Expects job growth of 160k about unchanged from 156k in the prior month and the 3-month moving average of 165k.
The U.S. dollar index rose 0.09% to 99.79. USD/JPY changed hands at 112.72, down 0.46%, while GBP/USD dropped 0.96% to 1.2538 and USD/CAD dipped 0.20% to 1.3022.
Crude oil prices are trading higher for the third consecutive session this week, as traders anticipate an ongoing cut in production from OPEC countries. This move is significant, as news was also relayed yesterday by the U.S. EIA that U.S. oil production was higher than expected for the month of November.
Bank of Japan (BOJ), stating that the central bank is offering to buy 5-10yr JGB’s in unlimited amounts, however, at fixed-rate. The headlines helped the USD/JPY pair to make a quick comeback above 113 handle, as the 10-year yields dropped rapidly to 0.108% from 0.15% seen following the reports of limited BOJ bond buying.
Gold prices ended Thursday’s session with solid gains, but down from its 12-week high seen at the start of the North American session. Gold futures settled the session at $1,219.40 an ounce, up 0.92% on the day. At the same time, the silver market saw some profit taking silver futures ended the day relatively flat at $17.45 an ounce.
The post Bullet Report: NFP at 1330GMT | Predictions from Goldman Sachs and Barclays appeared first on Forex.Info.
Source: Easy Forex Forex.Info
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