The Non-Farm Payrolls report focuses on wages once again especially after the blockbuster report for January. Expectations are slightly lower, and an upside surprise cannot be ruled out. The trade worries are set to cast a dark cloud on any outcome. The Average Hourly Earnings section of the Non-Farm Payrolls report remains the primary figure to watch. Higher wages imply a job market that is genuinely around full employment and more importantly, it means more profound inflationary pressures. And thus quicker interest rates rise and a stronger US Dollar.