US: ADP employment and Fed speak in focus - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that ADP employment for July is the single economic release from the US and the market consensus is for a rebound to 190k.

Key Quotes

“This is above the 180k consensus for Friday’s payrolls report, though we would note ahead of the release that ADP has a mixed track record for predicting nonfarm payrolls. Looking past the data, we will hear from Cleveland Fed President Mester at 11:00 ET when she speaks at a community banking conference. Mester’s comments will be followed by both an audience Q&A and press conference. San Francisco Fed President Williams will deliver a speech on monetary policy at 15:30 ET but neither he nor Mester are voters in 2017.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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