The NFP Report - Today 12.30 GMT
It’s that special day of the month again! The day NFP figures will be announced - Today, Friday, May 7th at 12.30 GMT.
The ADP report showed an addition of 742K jobs in April, which, although came slightly weaker than expected 800K, again marks its biggest gain in the past six months. With a decline in COVID-19 cases, job growth could expand in April allowing reopening of the economy, recovery and resumption of normal activities.
Regarding the NFP figures, analysts expect employers to have added 978K jobs in April, up from 916K in March. The unemployment rate is expected to fall 0.2% from March to settle at 5.8%.
|Average Hourly Earnings (MoM)||High||-0.1%||0.1%|
*Information source: FX Street
**Past performance of CFDs is not a reliable indicator of future results.
What's your take on the impact of the NFP and hourly earnings report on the USD crosses?
*The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.
Cookies on Fondex
These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.
You can customize your selection of which cookies you want to accept.
These cookies are necessary for the website to function correctly and cannot be switched off.
Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.
The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit topfx.com.sc