Are you ready for the release of Non-Farm Payrolls? On Friday, May 5, at 16:30 Moscow time, data on employment and unemployment in the United States for April will be released. Often, the release of these data causes a spike in volatility in the markets.
Analysts suggest that 180 thousand new jobs were created in the States last month (Nonfarm Payrolls, NFP). The unemployment rate is projected to have changed to 3.6%. Also in the focus of investors and traders is the growth rate of wages, where a value of 4.2% YoY is expected.
Low NFP (less than 150 thousand) can put pressure on the USD exchange rate: investors will believe that the Fed will reduce the pace of rate hikes. High NFP (more than 250 thousand) can strengthen the US currency, highlighting the strength of the labor market, and reviving expectations of a sharper and longer rate hike.
Keep an eye on upcoming key events that may significantly affect the markets.
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Read more...In stable times and during periods of crisis, precious metals remained proven assets for investment. Metals have a high profit capacity, they are well predicted, so traders use XAUUSD, XAGUSD when working with various trading strategies. How to get the most out of the trading potential of gold and silver? What profitability can be obtained when trading XAUUSD and XAGUSD on the MT4 platform? Find out the answers to these and other questions this Thursday, June 1, at the webinar "Trading gold and silver in the financial market". The webinar was organized by NPBFX in cooperation with the FX-Instructor Distance Education Center.
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