Morning, Traders!
It is Friday the 3rd of February, Today we get the all-important Non-Farm Payrolls as well as the release of the US Unemployment rate, but here are some of the other things to look out for today.
Sentiment:
After Thursday's yesterday's surge, the dollar gauge hardly changed, while treasuries held firm as investors focused on today's Nonfarm Payroll figures.
From 223,000 in December, growth is predicted to have dropped to 188,000 in January.
For a dedicated prep article on today's Nonfarm Payrolls and Unemployment Rate release, CLICK HERE
The optimism that rate hikes may soon come to an end was dimmed by disappointing earnings from Apple, Amazon, and Alphabet, which caused European equities and US share futures to decline.
Additionally, according to analysts, Average Hourly Earnings increased by 0.3% for a second consecutive month, and the jobless rate marginally increased from a five-decade low.
The second part of the global monetary tightening cycle is gradually being priced in by bullish markets, making it harder for central bankers to permanently defeat inflation.
Docket:
8:30 AM ET
US Nonfarm Payrolls data for January - Median Forecast 190K | Prior 223K | Range 320K/130K
US Unemployment rate data for January - Median Forecast 3.6% | Prior 3.5% | Range 3.7%/3.4%
US Average Earnings YoY - Median Forecast 4.3% | Prior 4.6% | Range 4.7%/4.1%
9:45 AM ET
US S&P Services PMI January Final - Median Forecast 46.6 | Prior 46.6 | Range 46.7/46.6
10:00 AM ET
US ISM Services January PMI - Median Forecast 50.5 | Prior 49.2 | Range 54/49
Speakers
8:45 AM ET
ECB's Visco Speaks - At an event on the history of the Bank of Italy
3:30 PM ET
Fed's Daly speaks in an interview on Fox Business.
Good Luck Today!
