Financial Markets closing from one of the most important figures reading among the economic figures where policy makers are waiting as they debate the timing of the first interest-rate increase since December 2015
The most important reading will be regarding Average Hourly Earnings which affecting the personal consumption which measure the Inflation Rate for USA economy where Yellen waiting to see those figures improvement before heading for any farther rate hike.
Economists’ predictions show an increase of 0.3% on September from 0.1% on August, which if tomorrow reading met this target or above this will close us one step of ability to Hike Rate this year end where policy makers will need then to see the affect of those numbers over CPI.
The second important reading will be over the Non-Farm payrolls where expectation show increase by 173K where any numbers above 120K will be good while above 200K will be strong reading for the NFP and for the labor market.
Yellen still bet that the continues strength for labor market will push for higher wages which will affect positively increasing over Inflation rate which will head us toward another rate hike.
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