Non Farm Payroll – Aug 04, 12:30 GMT: The usually high impact Non Farm Payroll (NFP) report will be released today. This report is considered a key US economy report and can trigger sharp market movements.
The previous several Non Farm Payroll reports have failed to have their usual impact of causing volatility and influencing the markets as much as traders have been used to in the past. This is because the NFP has become predicable with no surprises; moreover the US dollar is under pressure because of poor economic data and White House controversy.
The Labor Department's employment report on Friday will probably show that non-farm payrolls increased by 183,000 jobs last month after surging 222,000 in June and average hourly earnings should rise to 0.3 percent after gaining 0.2 percent in June. If confirmed it would record the largest increase in five months.
Economists believe that the labour market performance will encourage the Fed to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities in September.
Any significant changes in expected data or surprises can cause market volatility and excellent trading opportunities, client's are reminded to have enough equity available to trade the Nonfarm Payrolls safely.
For market insights and to monitor this and other high impact economical events, please visit: http://www.yadix.com/forex-trading-community/economic-calendar/
To read the full report, visit: http://www.yadix.com/forex-trading-community/announcements/non_farm_payroll_08_2017/
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