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This week's Non-Farm Payrolls should be bullish for USD
At last the US economy seems to have rediscovered sustainable growth and that should be reflected in Friday's Non Farm Payroll numbers. A strong reading would support the US Federal Reserve's tapering narrative and boost USD. Q4 2013 saw a slew of very positive economic data out of the US with last month's NFP number showing that an extra 203,000 jobs were created. Also, previous NFP numbers were revised up. Therefore there is good reason to believe around 200,000 new posts were created during December. A poll of economist conducted by Thomson Reuters forecasts 195,000 new jobs with the unemployment rate at 7% though ... (full story)
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