US NFP Report September 2014

Expectations are high once again even after the dismal report in August. It is no secret that I have been bearish on all of them and depending on what you look at you can agree or disagree with me on that. Economists expect an increase of 205,000 jobs while the unemployment rate is expected to remain unchanged at 6.1%. I think we will get a reading below 200,000 and may get downward revisions to the previous two months as well. Given the strong rally to multi-year highs in the USD I believe the US currency is vulnerable for a correction unless economic data comes in strong.