Chairman Powell et al to light up the dollar? - TDS

Ross J Burland FXStreet

Analysts at TD Securities noted that Chairman Powell will drive sentiment with his second speech in as many days.

Key Quotes:

"Powell will speak in a moderated Q&A at 16:00 ET following appearances by Evans, Barkin, Brainard and Mester."

"On the data front, ADP employment will give an early read on labor market conditions ahead of Friday's payrolls report."

"The market looks for a pickup in ADP job growth to 184k in September from 163k, but as always we caution into inferring too much from the ADP results."

"ISM Non-Manufacturing PMI for September will be released at 10:00 ET with the market looking for a modest pullback to 58.0 from 58.5."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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