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US Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, will be released at 15:30 MT time on October 5.
The indicator shows how many jobs were created in the United States during the last month. It’s released together with the unemployment rate and the average hourly earnings indicators. All 3 of these indicators have a great impact on the USD.
The last time, on September 7, NFP came out at 201K (readings close to 200K are considered to be strong), and wage growth accelerated to 0.4% (this is the change in average earnings index). The slight disappointment with the unemployment rate didn’t spoil the picture. Traders bought the US currency on the news, and the USD rose versus all major currencies.
• If the NFP indicator is bigger than expected, the USD will go up.
• If the NFP indicator is smaller than expected, the USD will go down.
After Trump-Biden debates the market reaction was initially positive, but Trump's refusal to accept election results in case of Biden’s victory deteriorated the overall sentiment.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment has switched to risk-on, driving upwards stocks and riskier currencies and weighing on the US dollar.
Non-Farm payrolls will be out on Friday at 15:30 MT time! Are you ready?
US ISM Manufacturing PMI is coming out on Thursday at 17:00 MT time! Be ready!
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