Non-farm payrolls are coming up on Friday. As a key economic indicator, it often leads to significant movements.
Dear Anshari Kurniawan,
The NFP is always a highly anticipated release. It shows the change in the number of employed people in the US from month to month, not including the farming sector. It's commonly regarded as an indicator of the health of the US economy, and that means it has an impact on the dollar and wider markets.
If the NFP is higher than expected, stocks and the dollar often make gains, while a lower figure can mean the opposite.
What to expect from this month's NFP
Last month's NFP was surprisingly lower than the consensus and inflation in line with it, making a strong figure this time less likely.
In general, economic conditions in the USA seem to be less positive; a small majority of traders expects at least one cut by the Fed by November.
Another weaker result from the NFP might have a moderate influence on increasing expectations of the funds rate declining in the fourth quarter.
$7.50 was the peak of M15's ATR for gold after last month's release, higher primarily due to the surprise. Unless there's another surprise below the consensus this time, volatility will probably be slightly lower.
Previous NFP
175,000
Expected NFP
190,000
Previous unemployment
3.9%
Expected unemployment
3.9%
Are you ready to trade the NFP? The response to the NFP can sometimes cause market volatility. We suggest you fund your account in advance of the release so you're ready to trade any opportunities that arise.
If you need any help funding your account, please contact our support team for assistance.
Trading during major economic events can be risky due to increased market volatility. This may result in wider spread and slippage. Be cautious, adjust your strategy, and monitor your positions closely.
Happy trading, The Exness Team
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