"Signal for a Strong NFP"
Non Farm Payroll – Mar 10, 13:30 GMT: The high impact Non Farm Payroll (NFP) will be released on Mar 10, 13:30 GMT this report is considered a key indicator and triggers sharp market movements.
February proved to be an incredibly strong month for employment with increases not seen in many years, add to that jobless claims are at multi-decade lows and the employment surveys signal another solid print for payrolls.
It's expected that U.S. employers added 210,000 jobs in February and jobless rates are expected to edge down to 4.7 percent, this data, plus positivity from Trump are indicating that a 15 March rate hike is truly on the cards.
It seems that only a disastrous report can stop the US dollar's strength and halt the Fed's plans to increase interest rates. Traders should prepare for market movements in case of any significant increases or decreases in the NFP report which will undoubtedly create market volatility and excellent trading opportunities.
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