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A strong NFP report today can send the USD way up

The final jobs report of 2016 and of Barack Obama's presidency is just hours away.

Here's what Wall Street is expecting when the Bureau of Labor Statistics releases its report at 13:30 GMT this Friday:

 

- Nonfarm payrolls: +170,000

- Unemployment rate: 4.7%

- Average hourly earnings month-on-month: +0.3%

- Average hourly earnings year-on-year: +2.8%

 

A solid report that will beat these expectations could send the Dollar up against major currencies such as the Euro and the British Pound.

In a case of a jump in the Dollar, it is likely that the Gold prices will go down.

The NFP report comes with great impact on the markets. It’s the most crucial data of the month.

This is a great chance for trading with success – talk to us on the chat now to activate your signals before the announcement will be released.

 

 

 

 

Author: Roger Gain
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