Positive NFP data will support US stock market

05 November 2020

Trading forecast: NFPDear clients,

On November 6 at 13:30 GMT Nonfarm Payrolls is to be released. This report shows changes in the number of people employed in USA non-farm sector. Total number of people employed in this sector are 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 decrease in the number of applications for unemployment benefits signals the release of positive data on Non-Farm Employment, which will provide good support for the US stock market. On Friday consider buying #SP500, #DJI30, #NQ100, #Visa.

Monitor closely the situation on the market together with Fresh Forecasts and earn on the key economic events!

Positive NFP data will support US stock market

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