Check this out from CNBC on the nonfarm payroll due Friday in the US

  • Wages will take center stage in Friday's reports
  • The market is looking to see if the U.S. consumer can pick up slack into the second half of the year, said Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management.Hourly wages in recent monthly reports have not picked up as impressively as other areas of the economy.
  • Torsten Slok, chief international economist at Deutsche Bank ... "Anything higher than 2.6% tomorrow will have a big impact on the rates market because it will confirm the Fed view that they need to continue to raise rates"

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Greg posted an NFP preview here: US employment to be release on Friday. What to expect?