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NFP forecasts of 8 major banks 

NFP forecasts of 8 major banks 

Updated

What will happen?

The US will reveal Non-farm payrolls today at 15:30 GMT+3. Here are the forecasts of 8 major banks regarding the upcoming NFP report. The common forecast (market consensus) is 500K. What’s yours?

Westpac

Westpac is Australia's leading bank, located in Sydney. Its economists predict NFP at 600K. 

ING

The ING Group is a Dutch banking and financial services corporation headquartered in Amsterdam. The bank expects 450-500K in non-farm payrolls. 

TDS

TD Securities is a reliable Canadian investment bank. According to economists at TD Securities, NFP will be 525K due to “some normalization in education at the start of the new school year”.

RBC Economics

RBC Economics provides economic analysis and forecasts to the largest bank in Canada - the Royal Bank of Canada and its clients. The analysts anticipate NFP at 425K and the unemployment rate at 5.3% (worse than the market consensus of 5.2%).

Deutsche Bank

Deutsche Bank is a multinational investment bank and financial services company headquartered in Frankfurt, Germany. Its analysts forecast “NFP growing by 400K and the unemployment rate ticking down to a post-pandemic low of 5.1%”. 

CIBC

The Canadian Imperial Bank of Commerce commonly referred to as CIBC, is one of the "Big Five" banks in Canada. CIBC analysts suggest that around 420K jobs were added. 

JP Morgan 

JP Morgan is a US multinational investment bank headquartered in New York City. The bank is looking for a 575K increase in jobs and a drop in the unemployment rate to 5% because of “the expected rebound in the leisure and hospitality sectors”.

Danske Bank

Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in northern Europe. Danske Bank’s analysts said that NFP “around 300K or above will be enough for the Fed to go ahead with tapering.”

Follow the NFP report at 15:30 GMT+3 (MetaTrader time). Don’t know how to trade on NFP? Learn our strategy!

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