US Nonfarm Payrolls

US Nonfarm Payrolls

The US usually releases labor market data on the first Friday of a month. This time this tradition won’t change. America will publish Nonfarm Payrolls (NFP), unemployment rate and average earnings at 15:30 MT time on February 2. 
This may be a great chance to trade the greenback as the currency will likely move with great swings. Traders will buy on strong data from the US and sell if American figures disappoint.  
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Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

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