Non Farm Payroll – Jun 02, 12:30 GMT: The high impact Non Farm Payroll (NFP) will be released on Jun 02, 12:30 and this report heavily affects the US dollar, the bond market and the stock market.
The number of Americans applying for jobless benefits increased more than expected last week with the four-week moving average of claims rose 2,500 to 238,000 last week, however it was the 117th straight week that claims were below 300,000, a figure associated with a healthy labor markets.
The US nonfarm payrolls are expected to be in the region of 180,000 to 185,000 which is a moderate rate in May after rebounding sharply in the previous month. However the Non-Farm Payrolls report is critical for the Fed in regards to a potential interest rate hike in June.
Any large differences from the consensus to actual figure could lead to highly volatile market conditions, but more importantly it will influence the Fed in their short-term decisions on interest rates.
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