US labour market report in one hour!

12:37 PM 4 October 2019

The major economic report of non-farm payrolls in the US will be published at 01:30 pm (BST). Market consensus indicates a print of 145k which should be still treated as a solid reading. On the other hand there was some weakness that came from ISM employment subindices which brings the market some uncertainty. If the NFP report comes poorly this will definitely increase the probability of an another interest rate cut at the end of October. The greenback and S&P 500 lose ahead of the reading.

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