What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the USD to rise.

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? 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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What is it? It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? 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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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is lower than the forecast, you can expect the CAD to rise.

 

 

 

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What is it? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

 

 

 

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Tomorrow (Friday) the Non-Farm Payrolls will be announced. Here is what you need to know:

Non-Farm Payrolls (NFP) Employment Change is a vital economic data released shortly 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. Change in the number of employed people during the previous month, excluding the farming industry.

The Announcement is set to make big impact on trading markets, especially on USD/EURO in FOREX market, and Gold and Silver in the Commodities market.

This specific announcment is going to be even bigger for the U.S economy, if it goes well it will indicate that the U.S economy is getting stronger and healthier and will raise the chance for a rate hike by the U.S Federal Bank.

So be sure to speak with one of our agents to ask them how can you profit from tomorrow's crucial announcment.

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1. U.S. stocks indexes moved higher on Thursday morning, boosted by strong results from Facebook (O:FB) and as financial stocks rose on the possibility of a rate hike next month.

Facebook shares rose 5.3 percent to a record high of $109.44 after the company's quarterly results beat estimates. The stock gave the biggest boost to the S&P 500 and Nasdaq.

2. Oil prices extended losses from the prior session on Thursday, as the ongoing glut in global supplies continued to weigh on the commodity.

Crude oil for delivery in December on the New York Mercantile Exchange shed 29 cents, or 0.63%, to trade at $46.04 a barrel during U.S. morning hours.

3. New U.S. applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market.

Initial claims for state unemployment benefits rose 16,000 to a seasonally adjusted 276,000 for the week ended Oct. 24, the Labor Department said on Thursday. It was the largest weekly gain since late February.

4. The pound extended losses on Thursday, falling more than 1% against the dollar after a dovish Bank of England quarterly inflation report signaled that interest rates are likely to remain on hold for an extended period.

GBP/USD was last down 1.04% to 1.5225, the weakest since October 13 from around 1.5389 earlier.

5. U.S. nonfarm productivity unexpectedly rose in the third quarter as a decline in self-employed workers contributed to overall hours worked falling for the first time in six years, restraining labor-related production costs.

The Labor Department said on Thursday that productivity, which measures hourly output per worker, increased at a 1.6 percent annual rate after increasing at an upwardly revised 3.5 percent rate in the second quarter.

6. The U.S. dollar rose against its Canadian counterpart on Thursday, as expectations for a December rate hike in the U.S. continued to support despite the release of disappointing U.S. jobless claims data.

USD/CAD hit 1.3181 during early U.S. trade, the session high; the pair subsequently consolidated at 1.3175, adding 0.20%.

 

 

 

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