FXStreet (Delhi) – Research Team at Deutsche Bank, suggests that the US payrolls consensus is currently at 185k with DB at 175k but it’s fair to say that the whisper number has edged up this week with slightly firmer US data.
Key Quotes
“The October mega rebound started with the 57 point S&P 500 turnaround on the weak payroll number last month so it’s set to be a pretty important number. I don't have particularly strong conviction as to what the best short-term number for the market is. Probably one between 150-180k might be the immediate sweet spot.”
“We haven't eradicated slow down fears enough to revel in another weak number but with this week's strength in the dollar and renewed weakness in Oil and EM post-Yellen's hawkishness, a strong number would risk reinforcing these themes.”
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