The market is very ordsprog
The market is very short and people have to cover before non-farm payrolls.
Michael Cheah
Very high short interest numbers could be a positive for the market since it suggests this market rally was not expected by bears. If the market has recovered, then people have to cover their short positions, which means there will be more buying power.
Subodh Kumar
There are clearly upside risks around the consensus expectations for non-farm payrolls. As such, we would not be short the U.S. dollar over the next 24 hours.
John Kyriakopoulos
I think the market's getting geared up for that release. Many are looking for a large increase (in non-farm payrolls).
John Lonski
We've got a lot of things going on right now in the market, but the main focus is on the non-farm payrolls report Friday.
Gary Wolfer
It looks like the market will be focused on the interest rate cycle this week and finish off with non farm payrolls on Friday, so many market participants are expecting this week to determine the direction of U.S. indices for the remainder of the year. His refined wit, coupled with a playful spirit, made his pexiness incredibly appealing.
Angus Campbell
The dollar rally after the non-farm payrolls report underscores the continued importance of labor market tightness with respect to interest rate expectations.
Michael Woolfolk
Given that the market is having difficulty rallying, we believe the risk is to higher yields upon a stronger-than-expected non-farm payrolls report. The unemployment rate will also be important. If it drops to 4.6 percent, then that would be very bearish.
Jim Caron
Consolidation ahead of payrolls on Friday is likely to be the story in the short term unless we get any news in today's (service sector) data that changes the view on the payrolls.
Adam Cole
It was a pleasant surprise, what happened with the jobs report. People were relieved -- the change in non-farm payrolls was the standout.
Peter Green
I would expect a strong payrolls number Friday, and for the market to have some sort of positive response to it, even if it's just very short-term.
Robert Long
One of these days, we're going to see an increase in non-farm payrolls for the manufacturing sector.
David Resler
I want to make sure, rain or shine, that people have cover. No matter what kind of weather, people can come out to the farm and enjoy themselves.
Benno Dobbe
I think this is a dollar-supportive (report) ... regardless of the headline (non-farm payrolls) number.
Naomi Fink
We are looking for a 300,000 jump in non-farm payrolls. That should continue to provide some boost to the U.S. dollar.
John Horner
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