Don’t waste your time – keep track of how NFP affects the US dollar!

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The NFP Friday is coming!

The NFP Friday is coming!

Information is not investment advice

The Non-Farm payrolls are announced on Friday at 15:30 MT time.

Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD

The US workforce increased by 639K in October – that came a little lower than the September figure but still, it was better than the expected range of 510-600K. On a larger scale though, it is the smallest number since the recovery has started making its way through the crisis in April-May. The expectation for the coming figure is higher than the one before and goes beyond 600K. Therefore, if the market gets a positive surprise, the USD will be pushed.

  • If the data is better-than-thought, the USD will be boosted.
  • Otherwise, it will fall.

Check the economic calendar

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The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.

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