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3 Apr 2015
Recent data feels like NFP could go either way - DB
FXStreet (Bali) - Recent data feels like Friday's NFP could go either way, notes Alan Ruskin, Macro strategist at Deutsche Bank.
Key Quotes
"ADP most obviously highlighted the downside risks. The few most recent BBG forecasts made on April 1st and 2nd, possibly after ADP, do not seem to have shifted softer, but in general monthly data forecasting shows inertia unless there are overwhelming reasons for change. Of 91 forecasts only 3 are below 200K even though the whisper number is likely nearer 225K."
Key Quotes
"ADP most obviously highlighted the downside risks. The few most recent BBG forecasts made on April 1st and 2nd, possibly after ADP, do not seem to have shifted softer, but in general monthly data forecasting shows inertia unless there are overwhelming reasons for change. Of 91 forecasts only 3 are below 200K even though the whisper number is likely nearer 225K."