Up to $2,000 Bonus for the NFP data release this June!
The report is generally considered the biggest market mover, with the release of this data providing valuable insights into the U.S. labour market and having a direct impact on the value of USD and other trading instruments.
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As you know, the first Friday every month signifies the release of the Nonfarm Payroll.
The Non-farm Payroll for June will be released this Friday at 15:30 (GMT+3).
This is one of the most important financial releases, in which the total number of nonfarm payrolls is compared to the previous month and used as a gauge of economic health.
The release tends to have an effect on the USD and, since the USD is the global reserve currency, it could also affect the global economy. Should you wish to trade, you may want to take a position before Friday’s announcement.
The expectation is that 200k jobs were created in the US last month and that wages increased by 0.3%.
If the actual numbers reported are significantly higher than what is expected we should see a big rise in the US dollar and a fall in the price of gold.
4 things to focus on for NFP
- US and EU Interest Rate differentials shift further following June FOMC
- Oil multiyear high and Fed’s favourite inflation indicator, PCE
- Equities and international fiscal policy effects – The “Trade War”
- Wages figures expected to match yearly high, lack of growth worrisome
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