06:25 GMT+3 / 13.04.2024
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GET READY for volatility - don't miss NONFARM PAYROLLS

NFP - Nonfarm Payrolls

On Friday, March 10, at 16:30 Moscow time, data on employment and unemployment in the United States for February will be released. Often, the release of these data causes a spike in volatility in the markets.

Analysts suggest that 200 thousand new jobs were created in the States last month (Nonfarm Payrolls, NFP). The unemployment rate is projected to remain at 3.4%. Also in the focus of investors and traders is the growth rate of wages, where it is expected to accelerate from 4.4% yoy to 4.7%.

Low NFP (less than 150 thousand) can put pressure on the USD exchange rate: investors will believe that the Fed will soften its tone of monetary policy. High NFP (more than 250 thousand) can strengthen the US currency, emphasizing the strength of the labor market, and reviving expectations of a sharper and longer rate hike.

It is also worth paying attention to the revision of the previous Nonfarm Payrolls, which amounted to 517 thousand. This factor will influence market sentiment in addition to the published fresh data.

Keep an eye on upcoming key events that may significantly affect the markets.

Stay up to date with the news with Economic calendar FxPro!
Available on the website and in the branded mobile application.

10 March 2023




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