Are you ready to trade through the Non-Farm Payrolls Report today?

Get some ideas from FBS’s Market Analysis below!

FBS expects NFP to be…

US nonfarm payrolls (NFP) will be published at 03:30 p.m. MT time.

All traders closely watch this report to get some clues on the pace of the Federal Reserve’s rate hikes.

Strong labor market makes the Fed’s officials feel more confident about raising the federal funds rate and, consequently, is bullish for the US dollar.

On the other hand, if an actual reading comes below expectations, the impact on the US currency will be negative.

Along with NFP the US Department of Labor will release unemployment rate and average hourly earnings data that may cast a shadow on the key NFP report.

The US labor market report causes a spike in the FX market activity, especially in the pairs containing USD.

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Would you like to join an Online Seminar and find out more about NFP?

Fortrade is pleased to invite you to the NFP Webinar dedicated to the U.S. Non-Farm Payrolls report (March), which will take place Thursday 6 April 2017 at 6:00 PM (GMT +1).

Sign up for this special webinar to gain valuable insights and a better understanding of the expected market effects and volatility of the NFP – also known as the U.S. Monthly Jobs Report – one of the leading market indicators that most successful Forex traders rely upon.

To secure your spot, register now! Easy online registration.

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