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Markets looking cautious ahead of Non-farm Payrolls
Market sentiment seems to be rather cautious as traders prepare for the latest Non-farm Payrolls report, and one which could help to determine the chances of a rate hike by the FOMC in June. After a somewhat muted session yesterday, once more there is little real indication that traders are willing to take a view on the dollar this morning ahead of such a high volatility event. The expectation is for 202,000 jobs for the head line payrolls number, whilst also unemployment staying at 5.0% and average hourly earnings growing by +0.3% on the month (which would be a tick higher to 2.5% for the year). Traders will also be ... (full story)