On November 1, 2019 at 12.30 noon GMT Nonfarm Payrolls is to be released. This report shows changes in the number of people employed in the USA non-farm sector. Total number of employed in this sector is about 80% of workers producing the USA GDP.
That is why NFP offers the best economics review and causes high volatility in markets!
Analysts forecast that the unemployment rate will be 3.6% against 3.5% in the last month. Herewith the number of employed in the non-farm sector will be only 90 000 people. For the USA economic’s growth, this indicator has to be at least 300 000. On Friday consider buying EURUSD, #SP500,#DJI30.