Back
5 Mar 2014
Flash: Focus turning to key US data - TD Securities
FXStreet (Guatemala) - Jacqui Douglas, Senior Global Strategist at TD Securities noted, with the nonfarm payroll report looming on Friday, the market’s focus on Wednesday will turn to the ADP and ISM services reports.
Key Quotes:
"We look for ADP to remain relatively softer with a 148K print in February, while the ISM non-manufacturing index improves modestly to 54.2 from 54.0".
"The later Beige Book report could also prove more interesting than usual, potentially providing additional anecdotal evidence that the recent slowdown in US economic activity can be attributed to weather. This could help markets further discount the already small chance of the Fed halting tapering at the March FOMC meeting".
Key Quotes:
"We look for ADP to remain relatively softer with a 148K print in February, while the ISM non-manufacturing index improves modestly to 54.2 from 54.0".
"The later Beige Book report could also prove more interesting than usual, potentially providing additional anecdotal evidence that the recent slowdown in US economic activity can be attributed to weather. This could help markets further discount the already small chance of the Fed halting tapering at the March FOMC meeting".