Due from the US at 1330 GMT today, February 1 2019 is the NFP report for January

Previews popped up earlier on:

A preview of the US Nonfarm payroll report due Friday via Goldman Sachs

Preview of the US Nonfarm payroll report due Friday 1 February 2019

These now, via

ASB:

  • US Non-farm Payrolls: Following December's very strong increase in Non-farm Payrolls, we expect payrolls to expand by a still-solid 150,000 in January. This will be enough to push the unemployment rate to only 3.8% and for average earnings to accelerate again to 3.4% yoy.

Also from ASB … for the ISM data due at 1500GMT:

  • US ISM Manufacturing Index: The regional manufacturing surveys suggest the national ISM eased again in January after the very large slump in December. But, at 53.5pts, the ISM would still comfortably be in expansionary territory

Westpac:

  • The very, very strong 312k nonfarm payrolls print of Dec (with an additional 58k in back revisions to the prior two months) was largely ignored by financial markets. This occurred because, around the same time, the ISM's disappointed and, more importantly, Fed Chair Powell put forward a more cautious view of the outlook.
  • There is no reason to disregard the strength of this data print. Though being 100k over the month average of 2018, there is however reason to expect some payback in Jan. We consequently look for a 150k gain in the month.
  • There has been considerable uncertainty over the impact of the shutdown on these numbers. It won't affect the payrolls count, but it is likely to add to unemployment owing to temporary layoffs.