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
Previous NFP
177,000
Expected NFP
130,000
Previous unemployment
4.20%
Expected unemployment
4.20%
Last month's NFP was significantly above expectations but slightly lower than the previous downwardly revised 185,000.
Unemployment holding at 4.2% and expected to do so again this month suggests no overall trend in the job market.
A weaker or at least not much stronger job report can reduce upward pressure on inflation.
Positive numbers might help the dollar but a clear, ongoing effect on gold from this NFP seems less likely.
M15's ATR for gold peaked lower last month as expected around $11.30. This time volatility might be lower if there's no major surprise.
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.
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