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September 6, 2018

IronFX, Market focus on US NFP figure on Friday

US employment report for August, will be released on Friday at 12:30 (GMT).

This article is originally referred from IronFX News.

US employment report for August, will be released on Friday at 12:30 (GMT).

Non-Farm Payrolls figure Expected 191k, previous figure 157k
Unemployment rate Expected at 3.8%, previous reading 3.9%
Average Earnings growth rate Expected at +2.7% yoy, previous 2.7% yoy

Overall, if actual figures meet the forecast the indicators would indicate a tightening of the labor market, improving further economic developments within the US.

It must be noted that the event has potentially market-moving effects with the US Dollar expected to rally should the figures be released as expected or higher.

The Federal Reserve has indirectly verified it is sticking to its plan of monetary policy with, its rate hike schedule in place.

Original Source: IronFX News

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