Market Alert – Tomorrows NFP Expectations
It’s been a busy week in the markets alright what with AUD interest rates and GDP; PMI’s galore from China the UK and the USA; jobs figures from Europe and Canadian GDP figures to boot – but here comes the big one – The main event of the week….
Friday 4th Mar 2016 – 1.30pm GMT – USA – Non-Farm Payroll
Low Exp: +70K
High Exp: 245K
The NFP report measures the change in the number of newly employed people during the previous month, excluding the farming industry hence it’s name. It’s released monthly, usually on the first Friday after the month ends. It is vital economic and the combination of importance and earliness makes for hefty market impacts as job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
NFP related article published HERE
More “Trading Articles You Need To Read” HERE
OUR NEXT SEMINAR EVENT: Currency Strength & Weakness – Analysis & Setups Tuesday 15th March 2016 I look forward to seeing you all there.
As always you are welcome to contact me directly either for clarification of any calendar data points, events, or even just for an informal chat about your trading.
Happy trading 🙂
Article: Charles Clifton
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