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US: Focus on employment data - TDS

Analysts at TD are looking for Q4 unit labour costs to be revised lower to 1.8% q/q (market: 2.1% q/q) on the heels of upward revisions to productivity (TD: 0.2% q/q, market: -0.1% q/q).

Key Quotes

“The market expects ADP job growth to cool to 200k in February and looks for the international trade deficit to widen to $55.0bn. Looking to the Fed, the Beige Book will give an overview of regional conditions when released at 14:00 ET. Atlanta Fed President Bostic will speak about the economic outlook at 8:00 ET and NY Fed President Dudley will speak at 8:20 ET in Puerto Rico on the ongoing recovery effort.”

Fed Beige Book to likely reflect solid improvement in labor market - Nomura

According to analysts at Nomura, the Beige Book prepared for the 20-21 March FOMC meeting will likely reflect solid improvement in the labor market si
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EUR/CHF upside potential intact above 1.1487 – Commerzbank

The cross keeps the prospects for further upside as long as it trades above 1.1487, suggested Karen Jones, Head of FICC Technical Analysis at Commerzb
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