US: Focus on NFP and consumer sentiment data – TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, in the US session nonfarm payrolls for November will provide the main risk event, with TD looking for an above-consensus 215k (market: 200k).

Key Quotes

“This reflects a return towards the 6m trend after the weather-induced volatility of Sept/Oct subsides. Wage growth will also be closely watched with year-ago growth projected to reach a new cycle high of 3.2% y/y (market: 3.1%) while both TD and the wider market expect the unemployment rate to hold at 3.7%.”

“Preliminary University of Michigan sentiment will be released at 10:00 ET with consensus looking for the headline index to edge lower to 97.0. Lastly, Governor Brainard is scheduled to speak about financial stability at 12:15 ET.”

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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