What is the distribution of forecasts for the US NFP?
Forexlivevia NewsData.io
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts. In fact, although we can have a range of estimates, most forecasts might be clustered on the upper bound of the range, so even if the data comes out inside the range of estimates but on the lower bound of the range, it can still create a surprise effect. Non-Farm Payrolls 35K to 125K range of estimates 50K-75K range most clustered 65K consensus Unemployment Rate
Headline and summary provided via NewsData.io. The full article and its copyright belong to the original publisher.