30 June 2020
On July 2 at 12:30 GMT Nonfarm 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 United States is gradually lifting quarantine restrictions, which has led to a decrease in unemployment benefits. This factor indicates an increase in Non-Farm data. On Thursday consider buying #SP500, #DJI30, #MasterCard, #NQ100 positions"
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