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4 Sep 2014
Positive US manufacturing sector data suggests another strong NFP result in August - Jameel Ahmad
FXStreet (Łódź) - Jameel Ahmad, Chief Market Analyst at FXTM expects the US NFP report for August to show another strong reading above 225K jobs added.
Key quotes
"There have been some consistently strong economic performances from the United States throughout the past month, including the impressive news this week that the US Manufacturing sector expanded at its fastest rate since March 2011 during August."
"Bearing in mind that the manufacturing sector is one of those key employment sectors in the US and a manufacturing sector expanding above expectations should further improve job prospects, I now see heightened potential for an NFP tomorrow above 225K."
Key quotes
"There have been some consistently strong economic performances from the United States throughout the past month, including the impressive news this week that the US Manufacturing sector expanded at its fastest rate since March 2011 during August."
"Bearing in mind that the manufacturing sector is one of those key employment sectors in the US and a manufacturing sector expanding above expectations should further improve job prospects, I now see heightened potential for an NFP tomorrow above 225K."