
NFP Preview: Three Paths Into the September FOMC
This is a preview only. August US jobs have not printed. The stamp is due 18:00 IST / 08:30 ET on Friday 4 September 2026.

This is a preview only. August US jobs have not printed. The stamp is due 18:00 IST / 08:30 ET on Friday 4 September 2026.

Trump welcomed August’s +162K jobs print on Truth Social, then renewed his call for a much easier Fed and tied lower rates to trade policy.

Eurozone retail sales fall an unexpected 0.6% MoM on the July headline stamp, with the same page’s body labeling that print as June. EUR/USD trades near 1.1622 after slight selling. NFP is still preview only.

Bank of England Governor Andrew Bailey is scheduled to speak at 14:20 IST / 08:50 UTC on Friday 4 September 2026. That is a high-impact calendar watch.

Australia's flash composite PMI slows to 52.5 from 53.2. Manufacturing is 52.9, services 52.0, employment 49.7. AUD color is 0.7135.

CNBC via FXStreet: Bessent said maximum economic pressure means likely no large-scale kinetic restart. WTI $87.13 this page only. Not averaged with $86 or just-short-of-$88.

Official Stat Bureau Friday: headline 102.0 +1.9% YoY; core 102.1 +1.8%; core-core 102.1 +1.9% on the first 2025 base. FXStreet 2.0%/1.8% quoted, not averaged.

FF LiveSquawk low-impact 20 Aug: Houthis claim a sensitive Saudi target at Najran Airport and Aramco in Najran. No immediate Saudi confirmation. Tasnim: drones, response to Saudi drones over Saada. Not a confirmed hit.

Philadelphia Fed August general activity 47.4 from 41.4, highest since April 2021. Factory forecast 24.1. FXStreet 25. They are not averaged. Claims 206K vs 210K. DOL previous revised 209K to 212K. FXStreet event still shows 209K.

Bloomberg exclusive, people familiar: tentative deal would lower Canadian steel and aluminum tariffs to 25% and non-US auto content to 15%. Friday deadline. Mexico wants comparable relief.

Bloomberg: Foreign Ministry spokesman Lin Jian said sanctions and pressure will not help resolve Iran. China buys more than 90% of Iran’s oil exports. UAE cut ties this week.

Bloomberg: Hui Ka Yan sentenced to life. Assets confiscated. Hong Kong-listed Evergrande fined 8.82 billion yuan. Hengda Real Estate 7 billion yuan. 56 others sentenced, including his sons. Xinhua: circumstances particularly heinous.