US non-farm payrolls is the 1st of 4 critical data points ahead of the Fed Sept meeting

<p>A snippet from UBS ahead of Friday's NFP. UBS say their </p><ul><li>base case remains that Fed rates have already peaked for the cycle.</li></ul><p>But …</p><ul><li> with two more consumer price inflation readings and two more monthly jobs releases before the Fed's next policy meeting in September, investor sentiment could continue to shift</li></ul><p>With the swings we are getting in markets if scalping and/or day trading and/or swing trading is your bag then yeah, keep an eye on shifting sentiment. Tonight's numbers should prompt some good moves. </p><p>A little more from UBS:</p><ul><li>Ahead of the official jobs release for July, the ADP gauge of private sector employment was stronger than expected—pointing to a 324,000 increase for the month versus consensus expectations for 175,000.</li></ul><p>—</p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/news/july-non-farm-payrolls-preview-adp-vs-ism-edition-20230803/" target="_blank" data-article-link="true">July non-farm payrolls preview: ADP vs ISM edition</a></li><li><a href="https://www.forexlive.com/news/us-non-farm-payrolls-preview-still-strong-demand-for-workers-20230803/" target="_blank" rel="follow" data-article-link="true">US non-farm payrolls preview: "still strong demand for workers"</a></li></ul><p>The data is due at 0.830 US Eastern time, 1230 GMT. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.