05 August 2016
The major release of this week in financial markets will be the Non-Farm Payrolls published today, on August 5, at 12.30 noon, GMT.
On July 27 the US Federal Reserve promised to raise the interest rate at the September meeting provided that macroeconomic statistics is positive. Thus, to make US dollar show a steady growth, NFP figure has to be above 200,000.
According to the advance report from APD released on Wednesday, US employment in the non-farm sector grew in July. The report states that with the account of a season fluctuations, the employment level grew by 179,000 and thereby exceeded expectations of traders.
Let us remind you that the Non-Farm Payroll above the expected figure indicate positive market for US dollar. The figure below the forecast is treated as the negative trend for US dollar.
Will US dollar show a steady growth? Let's find it out today!
By Catherine Main, chief analyst of FreshForex company
Good luck in trading!
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