NFP October 6, 2019 at 13:00 (GMT). Are you ready to trade?

Read forecast...

What to expect from NFP release? Hello, Trader FX   The U.S. Nonfarm Payrolls and Unemployment Rate are out tomorrow,  October 4, 2019, at 13:00 UK Time (GMT) and expected to cause significant volatility in the markets. On the first Friday of the first month of the new year, the attention of traders will be directed to a fresh package of US fundamental data on the labor market. An economic indicator that tends to trigger sharp market movements in the minutes leading up to its release and afterwards, the NFP is released by the U.S. Department of Labor on the first Friday of each month, outlining changes in the number of employees, excluding farm workers and those employed by the government, non-profit organisations and private households. Go to Cabinet What to expect this month: NonFarm Payrolls Last data: 130K Consensus forecast: 145K We believe that the number of new jobs outside the US agricultural sector will be about 145K. The United States is currently well tolerated by the trade war with China. This factor may well turn into advantage even figures such as 145K, which of course are below 200+, to which American statisticians began to accustom us a few months ago. If the forecast is true, then traders should expect a moderate increase in the dollar against its main competitors. Average Hourly Earnings Last data: 0.4% Consensus forecast: 0.3% Salary growth is likely to decline to 0.3%. US stock indices continue to be close to historical highs, and this indicates a good, in general, the state of the US market. Nevertheless, a wave of strikes in General Motors factories that swept the country last month showed that the dynamics of wage growth is not going as smoothly as previously assumed. If this forecast is true, then this will contribute to a moderate growth of the American dollar. Unemployment Rate Last data: 3.7% Consensus forecast: 3.7% The US unemployment rate is still the only more or less stable indicator. We do not expect any changes in the upcoming release and believe that its figures will remain unchanged at 3.7%. If this forecast is true, it can lead to a short-term strengthening of the US currency. To keep your open positions and survive during the time of market volatility due to news release, make sure you have enough funds in your account. Deposit Funds Keep in mind: During the NFP announcement, expect high volatility, especially across USD pairs. Market sentiment can really affect currency movements. What traders expect from the report has as much impact as the actual released data, if not greater. A higher figure than the one registered during the previous month signifies an improvement in employment numbers. This, as well as the release of a higher-than-expected figure, means an increase in the number of jobs created and are positive for both the U.S. economy and the dollar. A lower figure than the one registered during the previous month, as well as a lower-than-expected figure, usually have a negative impact on the dollar as they demonstrate a drop in employment numbers. Remember that the sudden spike observed across the charts of many currency pairs upon the release of the NFPs is usually followed by a period during which the market tries to recover and return to its initial price levels. Please do not hesitate to contact us  with any questions in livechat   or e-mail us at support@paxforex.com Risk Warning:Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

Laino Group, 1825, Cedar Hill Crest, Villa, Kingstown, 21973 Saint Vincent & the Grenadines SafeUnsubscribe™ phanphuongthanh89.822152@blogger.com Forward this email | About our service provider Sent by info@paxforex.com