DislikedRumour continues to circulate this morning too that a +'ve NFP # will be released tomorrow. ADP forecast doesn't lend any credence to the rumour @-254k, not that you can pay too much attention to ADP (although has got better recently) Consensus is around -200 to -230k (FF.com going with -186k and increase in un-emp rate to 9.8% from 9.7%)
As aleways it will be the deviation from forecast, manuf jobs, revisions from prev and un-emp rate that will determine market's reaction...a positive print (or less weak job loss #) and a stable un-emp rate @...Ignored
Trading is 80% Emotional, 20% Technical