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US NFP: forecasts of the major banks

Barclays: NFP will rise by 175K, the unemployment rate will remain unchanged at 4.7%. Average hourly earnings will gain 0.2% m/m (as expected).

TD: NFP will rise by 175K, the unemployment rate will rise from 4.7% to 4.8%, because of the increase in the labor force. Average hourly earnings will gain 0.2% m/m (as expected).

Goldman: NFP will rise by 210K, the unemployment rate will rise from 4.7% to 4.8%.

Bank of America Merrill Lynch: NFP will rise by 180K. In case of the weak NFP, sell CAD/JPY and NZD/JPY as the market’s risk sentiment will significantly worsen. In case of good NFP, buy USD/CAD and USD/CHF. The best strategy into the release is to sell Canadian dollar.

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