G10 key events for week ahead – Nomura

By FXStreet Analysts at Nomura noted the key events taking place for the week ahead.

Key Quotes:

US: Employment report (Friday 13:30), Trade balance (Friday 13:30) 2. Japan: Labor Force Survey (Monday 23:30) 3. China: 2016 GDP growth target (Saturday (3/5/2016)) 4. Central banks: RBA (Tuesday 03:30).

“In the U.S., our economists expect the first round of monthly data for February to reflect an economy that is expanding at a steady pace. While NFP added a net 151k jobs in January, a step down from the Q4 monthly average of 279k workers, it is consistent with the labor market growing near its underlying trend, and our economists believe some of the slowdown in growth was due to temporary factors.

With incoming data suggesting that we should see stronger job growth in February, our economists forecast private payrolls added 205k new workers, with no increase in government workers, implying that total NFP will gain 205k jobs. While we expect the unemployment rate to remain unchanged at 4.9%, we forecast average hourly earnings to grow by only +0.20% m-o-m (+2.6% y-o-y).

On the trade balance, container data suggests that both exports and imports declined in January; however, a decline in goods inflows outpaced a moderate decline in …read more

Source:: FX Street