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What are the expectations on Non-Farm Payrolls?

07 July 2017

Dear clients,

On July 7 at 12.30 pm noon GMT US June report on Non-Farm Payrolls is going to be released. It is one of the most important events impacting on the currency market fluctuations. A senior analyst of FreshForex Catherine Main comments on that:

"Advanced data published on Thursday makes us expect Non-Farm to be worse than the consenus forecast. ADP employment index fell by 72 thous. against May, whereas the employment component in service sector from ISM fell by 2 points against May's figure. The negative NFP report can make US dollar decline. On Friday the following trades are preferred: Buy on EUR/USD, GBP/USD and Sell on USD/TRY, USD/CNH."

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