U.S. Employment Data – Good or Bad for USD?
Today at 12:30 GMT will be published NFP report! High volatility is expected on USD pairs and Gold.
The U.S. Bureau of Labor Statistics will report the Non-Farm Payroll and Unemployment Rate for August, the main wage growth indicator on the economic calendar.
Analysts expect to see an increase of 180,000 this month following the better than expected data in July of 209,000 new jobs.
Date: Friday, September 1, 2017. Time: 12:30 GMT.
Investors will also focus on the unemployment rate as this figure decreased to 4.3% from 4.4% in July.
US nonfarm payrolls report, however, remains relevant labor market indicator, which could determine near- term market direction.
A positive reading can change the Fed rate hike plans after the bank has maintained a dovish outlook in their last meetings and comments.
A high level of volatility in USD currency pairs is anticipated immediately after the release. These are the instruments most likely to be effected:
|Financial Instrument||SELL Price*||BUY Price*|
Forex/CFD ‘Buy’ and ‘Sell’ prices as of Thursday, August 31st at 9:30 GMT.
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