Non-Farm Payrolls will support stock market

06 February 2020

NFP: trading forecastDear clients,

On February 7 at 01:30pm GMT November Nonfarm Payrolls is to be released. This report shows changes in number of people employed in USA non-farm sector. Total number of employed in this sector is about 80% of workers producing USA GDP.

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

Find out what results to expect in trading forecast of leading FreshForex expert:

"The ISM employment rate for the service sector, which is usually the leading indicator of Non-Farm, in January was 53.1 points, which is 4.8 points lower than a year earlier. We expect the release of data at the level of median forecasts, which is not enough to raise Fed rates. This is a positive signal for the stock market, as low interest rates will support the stock market. On Friday consider buying #Apple, # SP500, # DJI30"

Seize the moment and trade without swaps on indexes!

If you have any questions, don't hesitate to contact us:


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