Non Farm Payrolls

The U.S Non Farm Payrolls will be released Friday, 9th of March 2018 13:30 GMT and is a key economic indicator that can cause volatility in the markets.

What to Expect this Month:

The markets expect the Nonfarm Payrolls to show that the U.S. economy added 200K jobs during February, the same number as in January. As the Labour market continues to show strength and global economy grows, the market expects another strong NFP report.

The average hourly earnings figures will be watched closely, in January the figure was 2.9%, however, many experts are forecasting a slight drop with February's figure to 2.8%. A bad NFP release with the unemployment rate rising above 4.1% should see the dollar come under pressure and a release of over 250K new jobs added and unemployment rate below 4.0% would add more strength to the dollar.

US President Donald Trump has announced tariffs on steel and aluminium imports, this has lead to "Trade Wars" fears and a immediate reaction from European and Asian leaders, who have threatened to pin-point US products for additional tariffs to in retaliation. The move from trump immediately prompted falls in global stock markets with German, French, UK, Hong Kong stocks slipping however the Japanese Nikkei suffered most and dropped 2.5%.

Opportunities around the NFP Reports:

Regardless of the results of the Non Farm Payrolls, the markets always experience moves immediately after the release which offer traders excellent short-term trading opportunities. Positive or negative reports will affect market sentiment which can create new trends and trading opportunities.

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