28 Nov 2014
Some key data surrounding AUD/USD next week - TDS
FXStreet (Guatemala) - Analysts at TD Securities note some of the key data surrounding AUD/USD coming up next week.
Key Quotes:
“US Nonfarm Payrolls (Fri 5 Dec): We expect payroll growth to remain strong with a 270K gain in November (consensus: 225k), putting the annual pace job gains on track for its best performance in 15 years. We look for private payrolls to rise 259K, with wages increasing 0.2% and average hours remaining unchanged at 34.6. Nevertheless, we expect the unemployment rate to correct modestly higher to 5.9% from 5.8% (consensus: 5.8%)”.
“Aussie Q3 GDP (Wed 3 Dec): At this stage, an educated guess of this number remains elusive given the limited pieces of the GDP puzzle revealed so far. On current assumptions: Net inventories +0.1% pts to GDP and net exports contribution to GDP of +0.7% pts, but consumption remains a major unknown at 25% of GDP. We pencil in GDP rising by +0.8% for the quarter”.
Key Quotes:
“US Nonfarm Payrolls (Fri 5 Dec): We expect payroll growth to remain strong with a 270K gain in November (consensus: 225k), putting the annual pace job gains on track for its best performance in 15 years. We look for private payrolls to rise 259K, with wages increasing 0.2% and average hours remaining unchanged at 34.6. Nevertheless, we expect the unemployment rate to correct modestly higher to 5.9% from 5.8% (consensus: 5.8%)”.
“Aussie Q3 GDP (Wed 3 Dec): At this stage, an educated guess of this number remains elusive given the limited pieces of the GDP puzzle revealed so far. On current assumptions: Net inventories +0.1% pts to GDP and net exports contribution to GDP of +0.7% pts, but consumption remains a major unknown at 25% of GDP. We pencil in GDP rising by +0.8% for the quarter”.