NFP will shake the market once again! What’s up at the markets? Stocks are surging after the Jackson Hole Symposium, but the US dollar doesn’t feel so good. Monetary stimulus increases the amount of USD in circulation and pressures on its price. Non-farm payrolls will help you to define the direction of the greenback’s next move. The release of the US Nonfarm Payrolls at 15:30 GMT+3 will bring volatility to the markets.
NFP shows the pace of economic recovery, expressed in amount of newly created jobs. Alongside with US average hourly earnings and unemployment rate, it created a flash crash in gold in August, plunging the price by 11 000 points.
To put it simply – if NFP exceeds forecast, the USD goes up, and vice versa. Keep an eye on EUR/USD, XAU/USD, NZD/USD, and S&P 500 – these instruments may move vastly.
