• Today at 12:30 GMT the NFP will be published. Will it move the markets?

Market news

5 August 2016

Today at 12:30 GMT the NFP will be published. Will it move the markets?

Private payrolls procesed by ADP, rose by 179,000 while employment remains the strongest pillar of the US economic recovery, despite the weak report in May. The market expects the US economy to add 150K-180K new jobs after a 287K gain in June. Improvements in wage growth and lower unemployment are also expected, which would boost the USD.

NFP expectations are lower than six months average, the most optimistic estimates around 180K, but jobs creation was steady despite other parts of the economy.

Remains to be seen if the report will move the markets or if the fundamentals are not in focus right now.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.