US Non Farm Payrolls and Unemployment rate, May
Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month, and heavily affects the US dollar, the bond market and the stock market. Total NFP payroll employment increased by 160K in April, much lower then an upward revised 208K from March, and lower then expected 202K. For May 2016. the market expectation is approximately at 164K, with forecast of 177K. If you can remember the previous ‘NPF move’ from May, after the numbers was much worst then expectation, first market reaction was strongly versus US dollar, but latter on the Greenback has erased the loss until end of the day in complete. What about today? If the numbers will be much better and at aprox the 170>200K, the US dollar can be strongly boosted and those are the numbers in wich I will be focused on. Everything bellow or around the 160K can be unclear for furder move. For now, the US dollar is slightly stronger in the market versus the main opponent, the Euro. Unemployment rate is at 5.0% and the market expectation is to return at the previously 4.9%. We will see the result in about 1 hour and 30 minutes. Be careful!
13:30 h (London time) > US Non Farm Payrolls!!! – Previous 160K (Revised to 123K) > Expectation 164K! Update: NFP for May > 38K!
13:30 h (London time) > Unemployment Rate!!! – Previous 5.0% > Expectation 4.9%! Update > 4,7%!