This probably isn’t a report that’s going to create a 200 pip swing in the US dollar but it’s still non-farm payrolls and it’s always a report the can change the story.
The soft ADP report earlier in the week and continued ho-hum employment sub-indexes in the ISM non-manufacturing report have put a negative bias into the report. The economist consensus is 215K but that pack of pollyanna’s has been wrong about everything and the market is probably closer to 185K.
Typical pre-NFP breakfast
