I was seeing that the US payroll data was on the schedule for release that night in February. The crowd was expecting the unemployment rate to be around 4.3%, but there was quite a bit of variation in the forecasts, ranging from 4.2% to 4.4%. As for non-farm payrolls, it was much more uncertain — the numbers fluctuated a lot, from a decrease of 9,000 to an increase of 125,000 jobs. The median I saw was around 59,000 new jobs. These data tend to move the market quite a bit, so it was good to stay alert to what was coming out of there.

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