Nonfarm Payrolls is the one to watch – UOB

By FXStreet Analysts at UOB Group noted the forthcoming Nonfarm Payrolls this week.

Key Quotes:

“After the April FOMC decision & the 1Q 2016 prelim GDP data last week, the key US data of focus this week is the April’s non-farm payrolls (NFP) this Friday which could swing market expectations for Federal Reserve’s future course of interest rate actions.”

“The NFP is likely to add 200,000 jobs in April, slightly lower from last month’s 215,000 according to the latest Bloomberg forecasts as of 29 Apr 2016. On the back of the positive payrolls, markets expect the US April unemployment rate to stay unchanged at 5%.”
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Source:: FX Street