Dear Traders,
The U.S Non Farm Payrolls will be released Friday, 8th of December 2017 13:30 GMT which is a key economic indicator that can cause significant volatility in the markets.
What to Expect this Month:
The markets are convinced that the Fed will again raise interest rates before the end of the year, however employment statistics could be a factor to cause a Fed rethink.
The report is expected to show that the U.S. economy added 198K jobs in November, lower than the 261K in October but still indicates a growing labour market, However, average hourly earnings figures will be closely monitored as October's report returned 2.4% and there is an expectation for 2.6% (or higher) in November.
If we see poor statistics in the release, specifically fewer than 100K new jobs or unemployment rates less than 4.1% , the USD could experience some downside pressure and add doubt for an additional 2017 Fed interest rate hike.
A strong report of over 250K or unemployment rates below 4.0% could give the USD additional strength and add further weight to the expectation of another rate hike this year.
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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