NFP is coming!

31 October 2019

Nonfarm Payrolls: October trading forecastDear clients,

On November 1, 2019 at 12.30 noon GMT Nonfarm Payrolls is to be released. This report shows changes in the number of people employed in the USA non-farm sector. Total number of employed in this sector is about 80% of workers producing the USA GDP.

That is why NFP offers the best economics review and causes high volatility in markets!

Analysts forecast that the unemployment rate will be 3.6% against 3.5% in the last month. Herewith the number of employed in the non-farm sector will be only 90 000 people. For the USA economic's growth, this indicator has to be at least 300 000. On Friday consider buying EURUSD, #SP500,#DJI30.

NFP is coming!

 

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