Non Farm Payroll – Apr 07, 12:30 GMT: The high impact Non Farm Payroll (NFP) will be released today and this report is considered a key US economy report and triggers sharp market movements.
The U.S has experienced 6 years of job growth, the most
impressive figures since 1939 which marked the end of the great depression. The
recent strong NFP reports have boosted confidence in investors focusing on US
based indices and safe haven symbols but the markets will be looking for
continued strength in today's report for trend continuations.
Should the markets experience a NFP report less than 160K
and an unemployment rate less than 4.7%, then the USD may come under pressure,
result in a change in recent trends and may delay any further considered
interest rate increases. However, results of the NFP above 210K and interest
rates better that 4.7% would signal more dollar strength.
Read more about High Impact Economic Data Releases: http://www.yadix.com/forex-trading-community/economic-calendar/
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