Non Farm Payroll Alert

Dear Clients,

The U.S Non Farm Payrolls will be released Friday, 4th of May 2018 12:30 GMT and is a key economic indicator that can cause volatility in the markets.

What to Expect this Month?

On Friday the Non Farm report will be released and the US economy is expected to report a month of growth with around 192K new jobs added, an improvement on the previous month’s disappointing 103K figures, that fell well short of the expectations.

Labour markets in the US continue to grow but last month’s NFP may be cause for concern. The markets will also be monitoring the average hourly earnings, which was slightly higher in March at 2.7%. It's expected that the April figure will remain unchanged.

Recent changes in well publicized geopolitical concerns, namely North & South Korea and solid data, along with inflation which is heading toward the 2.0% central bank target at a more firm pace this year are suggesting a fourth interest rate hike in 2018, yet employment still remains a key indicator that drives the markets. 

If we see a report of less than 100K and an Unemployment Rate under 4.1% will likely cause weakness in the US dollar. A strong report with figures in the region above 275K new jobs and the Unemployment Rate below 4.0% will give the dollar strength.

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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