A good chance to trade the USD

A good chance to trade the USD

The United States will release the level of Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, at 15:30 MT time on November 2.

The NFP is considered as the leading indicator of consumer spending, which represents the economic activity of the country. Last time the indicator came out lower than expected. As a result, US dollar significantly weakened. However, this month can lead to the different outcome.

• If the NFP is higher than expected, the USD will rise.

• If the NFP is lower than expected, the USD will fall.

Check the economic calendar

nfp.png

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