US: Economic releases to keep your eye on this week – Deutsche Bank

By FXStreet Research Team at Deutsche Bank, suggests that as far as this week is concerned, there will be plenty of interest in Friday’s US employment report.

Key Quotes

“Ahead of Wednesday’s ADP report our US team looks for non-farm payrolls to rise 175k (Bloomberg indicates a market consensus of 210k) and for the unemployment rate to edge up to 5.0%. The average earnings data from the report will be of interest to see if it backs up anecdotal evidence of stronger wage growth.

This month analysts will not have the benefit of seeing the ISM employment indices ahead of the employment report. However, the manufacturing ISM – released Friday ninety minutes after the employment report – will still be of interest to see whether it confirms the improvement evident in a number of regional factory surveys (our US team expects the ISM composite index to rise 0.5pts to 50.0). The Chicago PMI, released on Thursday, will shed some light ahead of the ISM report. The week’s remaining Fedspeak includes Evans, Dudley and Mester.”
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Source:: FX Street