1. US employment report for March, will be released on Friday at 12:30 (GMT) and is expected to cause increased volatility to USD crosses.
2. Non-Farm Payrolls figure: Expected 190k, previous figure 313k.
3. US Unemployment rate: Expected at 4.0%, previous reading 4.1%.
4. US Average Earnings growth rate: Expected at 2.7% on a year on year basis, previous respective reading 2.6%.

Please be advised that the market’s expectations may be tilted to the upside for the Non-Farm Payrolls figure.

The reason cited for such an expectation could be the release of the ADP National Employment Change on Wednesday, which is considered by many investors as a forerunner of the Non-Farm Payrolls figure which is due out on Friday.

Specifically, The ADP indicator surprised the markets as the actual results (241k) surpassed the forecast (205K) as well as the previous month’s reading (235k).

Overall, should the actual results meet the forecast we see the case for the US dollar to strengthen as the report is indicative of a tight labour market with the unemployment rate dropping and the average earnings growth rate accelerating, implying some inflationary pressures.

It should be noted thought that a substantial drop (as forecasted) in the NFP figure could distort any positive signals sent by the big picture of the employment report and investors may be disappointed, especially after the ADP report release mentioned above.

The Employment Report is announced on a monthly basis every first Friday of the month.

It consists of a basket of employment reports such as the Unemployment rate, Average Hourly Earnings, and the Non-Farm Payrolls report.

The Non-Farm Payrolls report is a highly significant event and one of the biggest market movers in the Forex markets.