NFP Preview: How Jobs Could Still Drive Volatility Despite Iran Focus

From forex.com

Developments in the Middle East are undoubtedly top of traders’ minds at the moment, but that doesn’t mean we should ignore “Tier 1” economic reports, and the most important jobs report from the world’s largest economy certainly fits that bill. Last month brought a stronger-than-expected reading on the US labor market, with jobs rising +130K in January, the unemployment rate falling to 4.3%, and average hourly earnings rising by a solid 0.4% m/m. Expectations for February’s jobs report are more muted, pointing to a reversion back to the “low hire, low fire” regime that has characterized the past year ... (full story)