It’s jobs day in America and the greenback continues enjoying a lot of strength. The report could serve as an excuse to make the trend your friend. If the headline payrolls figure is between 170K to 230K, we expect a full focus on wages, which carry expectations for 2.3% y/y. A significant rise in wages and a raise for Americans is need for a raise in rates in June, something that is off the cards at the moment. Also watch out for the Canadian jobs report.
Wrap up of the morning show for May 6th 2016:
