Month 1st Friday NFP Data Forex Trading Profit

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Month 1st Friday NFP Data Forex Trading Profit

Post by ஆதித்தன் » Wed Jul 03, 2019 11:07 am

The NFP report for June will be released on July 5th at 15:30 MT Time.
This is one of the most anticipated financial releases. NFP (NonFarm Payrolls) represents the change in the number of employed people during the previous month, excluding those who work in the farming industry. In general, it is used as a gauge of economic health in the United States.
Generally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
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FACTORS WHICH INFLUENCED THIS NFP READING
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It is that time of the month again, as traders anticipate the release of non-farm payrolls on Friday. Last time the actual figures disappointed the market, as the indicator advanced only by 75 thousand jobs (vs. the forecast of 177 thousand jobs).
Many analysts see this outcome as a result of Trump’s tariffs. The weakness was more evident in sectors which depend on exports. It shows the negative effect of the trade tensions between the US and China.
Now analysts anticipate the NFP to advance by 164 thousand jobs. However, the risks of the lower figures remain. Let’s see if the jobs report brings positive momentum to the USD.
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