The U.S Non Farm Payrolls tomorrow! Don’t miss out this trading opportunity!

December 7, 2017

NFP tomorrow! A great trading opportunity of the month.

The U.S Non Farm Payrolls tomorrow! Don’t miss out this trading opportunity!

This article is originally referred from Yadix News

The U.S Non Farm Payrolls will be released Friday, 8th of December 2017 13:30 GMT which is a key economic indicator that can cause significant volatility in the markets.

What to Expect this Month

The markets are convinced that the Fed will again raise interest rates before the end of the year, however employment statistics could be a factor to cause a Fed rethink.

The report is expected to show that the U.S. economy added 198K jobs in November, lower than the 261K in October but still indicates a growing labour market, However, average hourly earnings figures will be closely monitored as October’s report returned 2.4% and there is an expectation for 2.6% (or higher) in November.

If we see poor statistics in the release, specifically fewer than 100K new jobs or unemployment rates less than 4.1% , the USD could experience some downside pressure and add doubt for an additional 2017 Fed interest rate hike.

A strong report of over 250K or unemployment rates below 4.0% could give the USD additional strength and add further weight to the expectation of another rate hike this year.

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.

Original Source: Yadix News

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