The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Additional volatility for the USD is expected!
The United States will publish non-farm payrolls (NFP), also known as non-farm employment change on at 14:30 MT time on November 1. As usual, the indicator will be released together with the unemployment rate and average hourly earnings. What these indicators are about? Non-farm payrolls represent the change in the number of employed people during the previous month (without farmers). Traders pay attention to the release, as the USD gets volatile right after it. The unemployment rate shows the percentage of the total workforce that is unemployed but looking for a job. Finally, the indicator of average hourly earnings shows the change in the price businesses pays for labor. According to the forecasts, the number of payrolls will advance by 90 thousand, while the unemployment rate will reach 3.6%. Analysts' projections are poor this time due to the strike of the GM workers and US-China trade uncertainties. At the same time, the level of average hourly earnings is forecast to increase by 0.3%.
• If the actual figures of NFP and average hourly earnings are higher, and the unemployment rate is lower than the forecasts, the USD will rise;
• If the actual figures of NFP and average hourly earnings are lower, and the unemployment rate is higher than the forecasts, the USD will fall.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
RBA Rate Statement is released on Tuesday at 07:30 MT time.
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Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.