Non Farm Payrolls

The U.S Non-Farm Payrolls will be released Friday, 8th of March 2019 13:30 GMT and is a key economic indicator that can cause volatility in the markets.

What to Expect this Month:

The Euro currency suffered heavy losses against the US Dollar this week following the news that the European Central Bank announced a new targeted long-term refinancing program, this news forced the Euro to its lowest point in 17 months and has failed to see a positive trading day since February 26th.

Further losses on the Euro are expected and today’s Non-Farm Payrolls could be the catalyst to drive the single currency lower, should the jobs report be strong. Toady’s figure will be lower than January’s 304K increase as this was much stronger than expected, and the effect of the government shutdown will effect certainly influence today’s report.

Investors will be looking towards a figure of 160K or more in February, and if there is a revision of January’s figures that remains above 200K, investors should be satisfied enough to keep the US Dollar on the up, and put additional pressure on the Euro. There will also be focus on the average hourly earnings, with wage growth expected to pick up in February.

If average hourly earnings growth is 0.3% or better and NFPs rise by 160K or more, EUR/USD could be forced to the 1.10 trading level. The saviour for the Euro could be if the four Week Jobless Claims Rises to 229K from 220K and should a revision of last month’s report reduce the figure to under the 200K mark.

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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