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Tomorrow, Friday October 5th is Non-Farm Payroll day and it could prove to be very interesting for both institutional and retail investors.

It is the first key data point since the FOMC announced an interest rate rise last month and market expectations remain high for a further rate rise at their December meeting.

The median forecast of economists polled by Reuters is for the Non-Farm Payroll to rise by 185,000.

The range varies from 100,000 to 265,000.

HotForex will keep you updated via the analysis page where they will have additional live commentary on the results, and market action and reaction.

HotForex Official Website

What to expect from September NFP?

U.S. Non-Farm Payroll (NFP) gives a timely glimpse into employment changes inside of the United States affecting most Currency Pairs, Indices, Metals and Oils.

Greater volatility is to be expected on:

  • EURUSD
  • GBPUSD
  • USDJPY
  • XAUUSD
  • OILUSD

If the actual data comes in lower than economists’ forecast, Forex traders will usually sell U.S. dollars in anticipation of a weakening currency.

The opposite is true when the data is higher than economists’ expectations.

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