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Today, Friday May 4th, is Non-Farm Payroll day and it could prove to be very interesting for both institution and retail investors.
Last month’s lowly 103,000 new jobs proved of little significance as the USD continues to advance.
Wednesday’s ADP figure of 204,000 suggests the US economy continues to move forward.
The median forecast of economists polled by Reuters is for the Non-Farm Payroll to rise by 192,000 with the forecast range extending from 120,000 to 259,000.
HotForex will keep you updated via their analysis page and Facebook (HotForex Stuart Cowell) with additional live commentary on the results, market action and reaction.
