Archive - Aug 7, 2015 - Story

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With All Eyes On Payrolls US Futures Tread Water; China Rises As Copper Crashes To New 6 Year Low

Submitted by Tyler Durden on 08/07/2015 05:54 -0500



Here comes today's main event, the July non-farm payrolls - once again the "most important ever" as the number will cement whether the Fed hikes this year or punts once again to the next year, and which consensus expects to print +225K although the whisper range is very wide: based on this week's ADP report, NFP may easily slide under 200K, while if using the non-mfg PMI as an indicator, a 300K+ print is in the cards. At the end of the day, it will be all in the hands of the BLS' Arima X 12 seasonal adjusters, and whatever goalseeked print the labor department has been strongly urged is the right one.

 
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