Nonfarm Payrolls declines to 214K , Unemployment Rate declines to 5.8% , Buy USD on dips !

Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

Usual Effect: A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

Frequency: Released monthly, usually on the first Friday after the month ends.

Last Read :256K

Expectations : 231K

Actual : 214K

Volatility : high…

Market Impact : A reading between 200K : 231K will bring a small decline before the next rise for the USD !


The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.

Usual Effect: A high reading or a better than expected number is seen as negative for the USD, while a low reading is positive.

Frequency: Released monthly, usually on the first Friday after the month ends.

Last Read :5.9%

Expectations : 5.9%

Actual : 5.8%

Volatility : high…

Market Impact : A reading below 5.8% is likely to bring  bullish move move for USD…..


 

Conclusion : buy USD on dips , the dollar could make a small decline before the next rise ..

MARKET DATA

UPCOMING ECONOMIC EVENTS

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