Tomorrow is a big day. Why? Simply because the US Bureau of Labor Statistics will release the non-farm payroll (NFP) report for February! When? As early as 08:30 am, Eastern Daylight Time (13:30 GMT), get your coffee, switch on your devices and let the ball roll!
As always, the NFP triggers significant market movements, which is yet another reason why this is a great time to trade. Not only that, but given the latest developments in the US economy and the greenback spikes, things are getting all the more exciting.
In a nutshell
Facts and figures look pretty promising. Last month’s report showed a spectacular growth in the US workforce – 227,000 in January alone beating experts’ estimates and expectations. Meanwhile, the unemployment rate hit 4.8%.
NFP 3 February 2017 – Briefing
Number of new jobs generated in January:
The impact? Stock market futures went up, government bond yields down.
The economists’ forecast is that the number of new jobs for Uncle Sam’s people in February revolved around 190-195k.
This being said, make sure your account is funded to make the most of this opportunity!
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