05 March 2020
On March 6 at 12:30 GMT Non-Farm Payrolls is to be released.
This report shows changes in number of people employed in USA non-farm sector. Total number of people employed in this sector is about 80% of workers producing USA GDP.
If the data increase, the dollar price rises too. Therefore, it is also called the "indicator that moves the markets".
Learn what FreshForex analyst tells about it:
"The ISM employment rate for the service sector, which is usually the leading indicator of Non-Farm, was at 55.6 in February, the highest level for the past seven months. We expect the release of positive data, which will positively affect the stock market assets. On Friday consider buying #Apple, # MasterCard, # SP500, # DJI30"
And we also extended the cancel of swaps on indexes until March 31!
If you have any questions, don't hesitate to contact us:
Good luck in trading!
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