
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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 most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!