Key US data for the week ahead - Nomura

Ross J Burland FXStreet

Besides the FOMC minutes this week and nonfarm payrolls at the end of the week, we have two key events to monitor on Wednesday as analysts at Nomura noted.

Key Quotes:

"ADP employment report (Wednesday): In line with our forecast for BLS private payrolls, we expect ADP private employment to have gained an additional 170k jobs in March.

ISM non-manufacturing (Wednesday): The headline ISM non-manufacturing index improved further to 57.6 in February from 56.5 in January. The latest survey-based measures of business activity suggest elevated optimism likely continued in March. Moreover, the retail and services-providing sector payrolls increased at a steady pace. However, retail sales in February increased only moderately, which may have damped some of the optimism. Therefore, we expect the ISM non-manufacturing index to edge lower but remain elevated at 57.0."

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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