On May 4th at 12.30 noon GMT April Nonfarm Payrolls is to be released.
NFP shows changes in employment in USA. Forex reaction after NFP can be very strong, that is why NFP offers the best economics review and causes high volatility in markets!
Find out what results to expect in trading forecast of leading FreshForex expert:
“ISM Manufacturing and Non-Manufacturing Employment Indexes show that report will comply with consensus. That means no support for US dollar, as traders need stronger statistics. The market came to terms with the fact that Fed doesn’t want another three rate hikes this year – for US dollar it’s a signal for decline. On Friday consider buying EURUSD, GBPUSD, XAUUSD and selling USD/CAD.”
FreshForex experts provide reliable forecasts. Monitor closely the situation on market together with Fresh Forecasts and earn on the key economic events!