Today is the NFP – Non-Farm Payrolls. This checks the change in the number of employed people during the previous month, excluding the farming industry.
This is by far the most important announcement each month since it’s released monthly, usually on the first Friday after the month ends. The combination of importance and earliness makes for hefty market impacts.
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? February 6th at 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
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