NFP Data In Focus
It’s U.S. Nonfarm payrolls day today.
Today’s monthly jobs report is currently forecast to show the US added 265,000 payrolls in June, the fewest jobs in over a year. The unemployment rate is expected to hold at 3.6%, near its lowest level in decades. While June’s small jobs gain might be a natural slowdown, a number of less than 100k jobs would be a concern. However, even if data surprise to the upside, it is unlikely that the NFP report unleashes a long-lasting bullish reaction in the light of growing certainty of a recession.
Payrolls are due for release at 12:30 UTC.
If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2022 MaiMarFX.
Follow us on social media:
