US nonfarm payrolls, Canada unemployment – It’s nonfarm payrolls day today, the biggest day of the month for the FX market (aside from ECB and FOMC meetings, perhaps).
The market consensus forecast for the figure is 200k, which would be about average recently (209k for the last three months). Economists’ forecasts range from 160k to 315k, with the normal (one standard deviation) range being around 175k-225k. Traders are probably looking for a number towards the bottom of that range after Wednesday’sdisappointing ADP report, which estimated that only 156k private-sector jobs were created in April.
Nonetheless, we should remember that the ADP report is not a reliable estimate of the NFP figure. The average difference between the two is some 80k, which is enormous. (The ADP report is a more reliable forecaster of the final NFP figure than it is of the initial NFP figure, but by the time the final figure is released it’s too late.) So it is still possible that we get a number near to the market’s original forecast, which at this point might constitute a positive surprise.
FXPRIMUS was founded by a group of institutional and retail traders with an astute understanding of what is needed to ensure that its clients are trading on an even playing field with all other traders.
FXPRIMUS offers you the technology, liquidity, fund security, training and priority customer support needed to stay a step ahead in today’s markets. Our trading environment supports all types of traders ranging from first-timers to professionals.
If you are new to online trading, especially Forex trading, you may have concerns about fund safety, education and support. Can I trust this broker? How difficult is it to trade? Will I profit or lose money? Experienced traders may also have similar concerns as they look to expand their trading activities. At FXPRIMUS, we understand how important it is to ask these questions when choosing a Forex Brokerage. Please read about the strengths that we feel set FXPRIMUS apart from other brokerages:
Tags : forex bonus without deposit Forex Broker forex broker bonus forex learn forex learning forex learning pdf forex tutorials for beginners pdf FXPRIMUS Forex Broker how to trade forex for beginners pdf learning forex trading pdf US nonfarm payrolls