Non-farm Payrolls comes out tomorrow – What to expect?
This article is originally referred from FXGiants News.
Attention to upcoming High Volatility tomorrow! FXGiants would like to introduce their market analysis here.
|13:30 GMT||Non-farm Payrolls||Consensus: 178k||Previous: 178k|
|13:30 GMT||Unemployment rate||Consensus: 4.7%||Previous: 4.6%|
|13:30 GMT||Average hourly earnings||Consensus: +0.3% mom||Previous: -0.1% mom|
- Despite a potential increase in the unemployment rate, the overall report points to another month of tightening in the jobs market.
- Such consistent employment gains could confirm the case that the Fed is likely to continue hiking rates in 2017, and could thereby bring the dollar under renewed buying pressure on the news.
- However, we believe the risks surrounding the dollar’s reaction from this report may be skewed to the downside, given that a disappointing report could generate concerns that the pace of hikes may not be as quick as currently anticipated.
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Original Source: FXGiants News