What is the NFP Expectation? Volatility Alert Today at 7pm in GMT+1

April 7, 2017

The expectations of NFP today!

What is the NFP Expectation? Volatility Alert Today at 7pm in GMT+1

The US Nonfarm Payrolls and Unemployment Rate are out this coming Friday, April 7, 2017, at 12:30 (GMT), and are expected to cause significant volatility in the markets.

Considered the one economic indicator that never fails to trigger sharp market movements both in the minutes leading up to its release and in its aftermath, the NFP data is released by the US Department of Labor on the first Friday of each month and outlines changes in the number of employees, excluding farm workers and those employed by the government, non-profit organizations and private households.

What to expect this month:

The U.S. has seen over 6 years (76 months) of job growth.

The last time that such figures were registered was at the end of the Great Depression in 1939. While last month’s NFP was well above the historical average at 235K, the market will now be looking to see any downward revisions.

The recent strength in NFP, and the resulting creation of jobs, has boosted investor confidence in global indices and seen many traders moving into safe haven currencies, despite the recent rise in U.S. interest rates.

The market will therefore be looking for continued strength in the data in order to continue these trends.

If we see an NFP number < 160K, coupled with an Unemployment Rate>4.7%, the markets will see USD come under downward pressure, which will at once also negate any increase in U.S. interest rates for at least another quarter or more.

An NFP number of >210K, coupled with an Unemployment Rate that remains at 4.7% (or better), will likely result in USD strengthening.

This will confirm the FOMC recent interest rate decision and allow them to accelerate the likelihood of another rate rise sooner than expected.

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Fortrade’s NFP “After Seminar”

What to expect after the release of the NFP Report?

Fortrade is pleased to invite you to their “Follow Up” NFP Webinar dedicated to the markets’ reaction after the release of the U.S. Non-Farm Payrolls report (March), which will take place Friday 7 April 2017 at 5:00 PM (GMT +1).

Sign up for this special webinar to learn more on financial market reaction after the NFP – also known as the U.S. Monthly Jobs Report – one of the leading market indicators that most successful Forex traders rely upon.

To secure your spot, register now!

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