Good morning traders!
It is Friday 6th of January, here are some things to look out for ahead of today's session.
Sentiment:
It's United States Jobs Day, and the report should reveal that payrolls increased by another 202,000 in December, according to median analyst forecasts.
For a designated article on prep for the US Nonfarm payrolls release,
CLICK HERE
For the third consecutive month in December, US small business owners scaled back their hiring intentions, and a lower percentage of them had open positions.
Rates are getting closer to a high enough level in order to lower inflation, according to St. Louis Fed President James Bullard.
For the first time since August, euro-area inflation dropped back to single digits, although the fall hides underlying pressures.
Docket:
8:30 AM ET
US Nonfarm Payrolls - Median Forecast: 202K | Prior: 263K | Range: 350K/70K
US Unemployment Rate - Median Forecast: 3.7% | Prior: 3.7% | Range: 3.8%/3.5%
US Average Earnings YoY - Median Forecast: 5% | Prior: 5.1% | Range: 5.2%/4.8%
Canadian Employment Change - Median Forecast: 5K | Prior: 10.1K | Range: 15K/0K
Canadian Unemployment Rate - Median Forecast: 5.2% | Prior: 5.1% | Range: 5.3%/5%
10:00 AM ET
US ISM Services PMI - Median Forecast: 55 | Prior: 56.5 | Range: 56.1/53.3
Factory Orders MoM - Median Forecast: -1% | Prior: 1% | Range: 1.5%/-1.8%
Speakers:
11:15 AM ET
ECB’s Lane & Fed's Bostic speak during the annual AEA meeting in New Orleans, there will be a panel discussion on the global economic outlook. Text: No. Q&A: Yes, with the Audience.
Fed's Cook participates in an inflation panel discussion at the annual AEA meeting in New Orleans. Text: Yes. Q&A: Yes, with the Audience.
12:15 PM ET
Fed's Barkin delivers his economic outlook at an event. Text: Yes. Q&A: Yes, with the Audience.
1:00 PM ET
Fed's George discusses the economic and monetary policy outlook at an event. Text: TBD. Q&A: Yes, with the Audience.
3:30 PM ET
Fed's Bostic takes part in a panel discussion on lessons from the pandemic. Text: No. Q&A: Yes, With the Audience.
