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2 Apr 2014
Markets wait for the ECB, Payrolls – Danske Bank
FXStreet (Edinburgh) - In the opinion of Pernille Nielsen, Analyst at Danske Bank, the lack of direction would prevail in the markets ahead of tomorrow’s ECB meeting and Friday’s US Payrolls.
Key Quotes
“We have a light calendar in terms of data releases and markets could be in wait-and-see mode ahead of the ECB meeting tomorrow and the US job report on Friday”.
“The ADP employment report in the US could get some attention. It has generally been more stable than the non-farm payrolls and may be a better indicator of the true state of the labour market. Consensus is for an increase of 195K in March”.
Key Quotes
“We have a light calendar in terms of data releases and markets could be in wait-and-see mode ahead of the ECB meeting tomorrow and the US job report on Friday”.
“The ADP employment report in the US could get some attention. It has generally been more stable than the non-farm payrolls and may be a better indicator of the true state of the labour market. Consensus is for an increase of 195K in March”.