Friday, December 2, 2016

Focus on US Payrolls





Focus on US Payrolls
by Saktiandi Supaat


FX Research





EUR and GBP rebounded overnight. EUR was due to Reuters report on ECB (see below) while GBP was due to growing signs of softer Brexit. Focus tonight on US payrolls - Consensus is expecting +180k (vs. 161k prior) for NFP. USD strength could materialize on a stronger than expected NFP number (above +200k) but NFP within expectation or even weaker could see further DXY pullback. Day ahead, EURSGD, EURKRW could see some upside towards 1.53, 1265 levels. But we expect overall FX price action to ...

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