The NFP Report - Today 13.30 GMT

08 January 2021

    It’s that special day of the month again!  The day NFP figures will be announced - Today, Friday, January 8th at 13.30 GMT.

     

    The ADP report showed a disappointing loss of 123,000 jobs in December, lowering expectations for Nonfarm Payrolls. The data contradicts the upbeat ISM Manufacturing Purchasing Managers' Index for last month.

     

    Regarding the NFP figures, analysts expect employers to have added 100K jobs in December, down from 245K in November. The unemployment rate is expected to have stayed unchanged at 6.7%.

     

    ReportImpactPreviousConsensus
    Nonfarm PayrollsHigh245K100K
    Average Hourly Earnings (MoM)High0.3%0.2%
    Unemployment RateHigh6.7%6.7%

     

    *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 Seychelles (SDL No: SD037).

TAGS
#QuickRead#NFP