The US Non-Farm Payrolls
What to Expect
All eyes will be on the US Non-Farm payrolls in few hours to come
The US jobs Reports will be released at 12.30 p.m (GMT)
Why is this important?
The Non-Farm Payrols track the change in the number of people employed in the US in Manufacturing, construction, and goods companies.
It does not include farming industry employment
. The US job report is so important for the upcoming Fed decisions.
U.S Republicans and Democrats have so far failed to reach an agreement on the cost of fiscal stimulus measures that many investors say is necessary to prevent the economy from loosing more momentum. This week, the US five-year Treasury yield hit an all-time low, and the and the benchmark 10-year yield fell to its second lowest-lowest, the selling pressure continues in the US Dollar.
Traders are also worried about increasingly frayed Sino-U.S. relations. Safe Havens; Yen and Gold still strong.
Last Wednesday, the ADP report on private payrolls showed only 167k jobs were added last month which is below than expected.
US NFP are expected to ease 1.600k from 4.800k. The Unemployment rate is expected to drop to 10.5% from 11.1%. Average hourly earnings will also be significant and are expected to come out -0.5%
In addirion to US jobs Reprt, Canada Ivey PMI and Canada Unemployment Rate will be widely followed by the market.
An hour plus awaits NFP
What to Expect
All eyes will be on the US Non-Farm payrolls in few hours to come
The US jobs Reports will be released at 12.30 p.m (GMT)
Why is this important?
The Non-Farm Payrols track the change in the number of people employed in the US in Manufacturing, construction, and goods companies.
It does not include farming industry employment
. The US job report is so important for the upcoming Fed decisions.U.S Republicans and Democrats have so far failed to reach an agreement on the cost of fiscal stimulus measures that many investors say is necessary to prevent the economy from loosing more momentum. This week, the US five-year Treasury yield hit an all-time low, and the and the benchmark 10-year yield fell to its second lowest-lowest, the selling pressure continues in the US Dollar.
Traders are also worried about increasingly frayed Sino-U.S. relations. Safe Havens; Yen and Gold still strong.
Last Wednesday, the ADP report on private payrolls showed only 167k jobs were added last month which is below than expected.
US NFP are expected to ease 1.600k from 4.800k. The Unemployment rate is expected to drop to 10.5% from 11.1%. Average hourly earnings will also be significant and are expected to come out -0.5%
In addirion to US jobs Reprt, Canada Ivey PMI and Canada Unemployment Rate will be widely followed by the market.
An hour plus awaits NFP
