NFP September 6, 2019 at 13:00 (GMT). Are you ready to trade?

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What to expect from NFP release? Hello, Trader FX   The U.S. Nonfarm Payrolls and Unemployment Rate are out tomorrow,  September 6, 2019, at 13:00 UK Time (GMT) and expected to cause significant volatility in the markets. On the first Friday of the first month of the new year, the attention of traders will be directed to a fresh package of US fundamental data on the labor market. An economic indicator that tends to trigger sharp market movements in the minutes leading up to its release and afterwards, the NFP is released by the U.S. Department of Labor on the first Friday of each month, outlining changes in the number of employees, excluding farm workers and those employed by the government, non-profit organisations and private households. Go to Cabinet What to expect this month: NonFarm Payrolls Last data: 164K Consensus forecast: 159K In anticipation of key macroeconomic events, attention should be paid to the declining ISM index, which continues to reflect a weak forecast for production in the United States. It is expected that employment in the non-agricultural sector will drop to the level of 159K, which is quite realistic due to a decrease in employment in production and a slowdown in job creation in the service sector. Also, we should not forget about the negative impact of the escalation of the trade war between the United States and China, which not only encourages investors to withdraw from dollar assets, but also makes large manufacturers think about creating jobs outside the United States. If the forecast is true, then traders should expect a moderate depreciation of the American currency against major competitors. Average Hourly Earnings Last data: 0.3% Consensus forecast: 0.3% Average hourly earnings data is likely to remain at the same level of 0.3%. This is a good numbers, given the latest, not very optimistic, data on American production. The fact that this indicator holds its position can serve as an optimistic signal for investors, although it does not have a decisive influence. If this forecast comes true, it will help keep the American currency at its current levels in the Forex market. Unemployment Rate Last data: 3.7% Consensus forecast: 3.7% Low unemployment remains one of President Donald Trump's main pride. Although the inhibition of growth in wage levels somewhat offset the positive effect of this indicator. Nevertheless, it is still one of the determinants of the further behavior of the American currency. We believe that the unemployment rate will remain unchanged at 3.7% level. If this forecast is true, it can lead to a short-term strengthening of the US currency. To keep your open positions and survive during the time of market volatility due to news release, make sure you have enough funds in your account. Deposit Funds Keep in mind: During the NFP announcement, expect high volatility, especially across USD pairs. Market sentiment can really affect currency movements. What traders expect from the report has as much impact as the actual released data, if not greater. A higher figure than the one registered during the previous month signifies an improvement in employment numbers. This, as well as the release of a higher-than-expected figure, means an increase in the number of jobs created and are positive for both the U.S. economy and the dollar. A lower figure than the one registered during the previous month, as well as a lower-than-expected figure, usually have a negative impact on the dollar as they demonstrate a drop in employment numbers. Remember that the sudden spike observed across the charts of many currency pairs upon the release of the NFPs is usually followed by a period during which the market tries to recover and return to its initial price levels. Please do not hesitate to contact us  with any questions in livechat   or e-mail us at support@paxforex.com Risk Warning:Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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