US Jobs Report Friday Could Lead to Market Swings and Fed Policy Rethink
• US jobs report on Friday could lead to volatility and force reassessment of Fed's monetary policy outlook • Economists expect 200,000 jobs added in February and unemployment rate to hold at 3.7% • Strong jobs growth could reduce hopes of Fed rate cuts in Q2 and lead to more hawkish rate expectations • Weak report, especially missing job creation targets, could reinforce beliefs that Fed will cut rates in June/May • Technical outlook EUR/USD targeting resistance at 1.0950, USD/JPY seeking support at 147.85-147.50, GBP/USD watching 1.2830 ceiling