US Non Farm Payrolls and Unemployment rate, August
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. Previous two months had really strong readings. Total NFP employement increased by 255K in July, lower then 292K in June, but much above the 180K expected, after wich the US dollar have strengthened in the market.
What about today’s expectations and numbers? The market is expecting 180K again as for July and all above that level could boost the US dollar again, while the strong numbers could trigger the September rate hike from FED. Sure, much lower numbers bellow 150K could harm the US dollar initially and this is not a rule. Market could react on both ways despite announced numbers and traders should be extremely careful today.
13:30 h (London time) > US Non Farm Payrolls!!! – Previous 255K > Expectation 180K! Update 151K! (July data revised up to 275K)
13:30 h (London time) > Unemployment Rate!!! – Previous 4.9% > Expectation 4.8%! Update 4,9%!
hey “SNIPER” look’s like i again missed the gold buy trade….. lolzzzz
lets see next week……..
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Strange day again, but I took some advantages on the nfp data. 😉
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102K 😉
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Last two months are not so clear to me and that’s why I don’t have a clue about today’s data!?
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